Ewein Zenith Sdn. Bhd.
City of Dreams
Seri Tanjung Pinang, Tanjung Tokong
From
RM 1.18M
RM 1300–1400 PSF · Completion 2020
Tenure
freehold
Title
Commercial (HDA)
Total Units
572
Completion
2020
- From
- RM 1.2M
- PSF
- RM 1300–1400
- Tenure
- freehold
- Total units
- 572
- Status
- completed
- Completion
- 2020
Zac’s Take
Zac Ong
City of Dreams is a rare case in Tanjung Tokong — completed in 2020, freehold, with developer balance units still selling at launch pricing. That means you skip the typical 3-year construction risk and move in immediately.
The catch: it's commercial title with HDA, which means no Airbnb. Buyers who care about short-stay yield should look elsewhere. Owner-occupiers and long-stay tenants are the right fit — at which point the commercial title is largely paperwork.
Developer is offering full absorption of SPA legal, SPA stamp duty, and loan stamp duty on remaining stock. MOT stamp duty is buyer's cost. If you want a balance unit reservation, get the current price list from me directly — it changes as units clear.
City of Dreams unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| B1 | 3-bedroom | 1,097 | 0 | 2 |
| B | 3-bedroom | 1,141 | 0 | 2 |
| C | 3-bedroom | 1,185 | 0 | 2 |
| E | Penthouse | 2,326 | 0 | 4 |
| W | Penthouse | 2,370 | 0 | 4 |
| Total | 0 | |||
⚠Commercial title with HDA — Airbnb not permitted. TNB can convert to residential tariff on request.
Building specifications
- Blocks
- 2
- Floors
- 36
- Total units
- 572
- Lifts per floor
- 10
- Ceiling height
- 3.30m
- Maint. fee
- RM0.33/sqft
- Security tiers
- 2-tier
Facilities
What's nearby
🏥 Healthcare
- Mount Miriam Cancer Hospital2.5km
- Penang Adventist Hospital4.0km
- Gleneagles Hospital Penang4.5km
🎓 Schools
- SK Tanjung Tokong1.0km
- Penang Chinese Girls' High School3.5km
- SJK(C) Hun Bin3.2km
- Stonyhurst International School Penang1.5km
🛍 Shopping
- Straits Quay800m
- Gurney Plaza3.5km
- Island Plaza3.2km
What's included in each unit
Partially furnished — items included in the purchase price per developer specification.
End-financing panel banks
Banks pre-approved for City of Dreams — approach any of these for a faster loan approval process.
Pre-approved banks as at launch. Confirm current status with your preferred bank directly.
Monthly Instalment Calculator
Monthly Instalment
RM 4,758
Total Interest
RM 938,203
Total Outlay
RM 2,116,203
Tanjung Tokong — area snapshot
Full area guide →Tanjung Tokong is Penang Island's most active condo market, anchored by Straits Quay and home to a mix of expat and local upgrader demand. Low-density and ultra-luxury projects command significant premiums here.
Price range
RM 300K – RM 6.7M
asking prices in area
Active projects
2
selling or under construction
Subsale condos
24
completed projects
Total tracked
28
properties in this area
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 117,800 |
| SPA stamp duty | RM 31,120 |
| SPA legal fee | RM 12,674 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 31,120 |
| Loan stamp duty (0.5%) | RM 5,301 |
| Loan agreement legal fee | RM 5,301 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 206,316 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
Is City of Dreams freehold?
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What is the asking price at City of Dreams Penang?
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What does commercial-HDA title mean for buyers?
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How many units does City of Dreams have?
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Can foreigners buy City of Dreams?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 1.2M
City of Dreams