Primary Spectra Development Sdn. Bhd. (BSG Property & VST Group JV)
Codrington Residence
Lebuhraya Codrington, Pulau Tikus
From
RM 1.30M
RM 988– PSF · Completion 2026
Tenure
freehold
Title
residential
Total Units
198
Completion
2026
- From
- RM 1.3M
- PSF
- RM 988
- Tenure
- freehold
- Total units
- 198
- Status
- completed
- Completion
- 2026
Zac’s Take
Zac Ong
Codrington Residence is Primary Spectra Development's new high-rise on Lebuhraya Codrington — 198 units sitting on the Pulau Tikus / Western Road / Georgetown fringe in one of the highest-pedigree pre-war residential pockets on the island. Verdict: worth visiting if you want Pulau Tikus central address with new-build spec rather than buying an aged subsale in the same catchment. Location specifics: walk to Cold Storage and the Pulau Tikus food cluster, 5 minutes drive to Gurney Plaza, Adventist Hospital adjacent, Penang Chinese Girls' High School and St George's Girls' School both within 1.5km, Georgetown UNESCO core within 10 minute drive. The Codrington/Western Road axis is one of the most walkable premium addresses on the island. Developer track record: Primary Spectra is a smaller, less-known name versus E&O or Belleview — that means build quality is unproven at the brand level and you should inspect the show unit finishing critically and ask about defect-liability terms upfront. Unit configuration sweet spot: from 1,400 sqft, the larger configurations are positioned for own-stay upgrader rather than investor — at 198 units with this size profile, this is a low-density-feel product. Target buyer: Penang upgrader trading out of older Pulau Tikus stock who wants new-build with the same address; HK/SG semi-retiree wanting walkable Georgetown-fringe living; mature own-stayer downsizing from landed. Not for: investor chasing yield (size and PSF don't yield well); foreign buyer below the RM1M strata floor (units sit comfortably above this). Genuine concern: smaller developer means delivery risk and post-handover defect-handling are bigger question marks than with a tier-one name. Mitigation: ask for the developer's prior project list and visit one completed building to inspect quality before committing.
Codrington Residence unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| 3BR | 3BR | 1,288–1,615 | — | — |
| Total | — | |||
Building specifications
- Blocks
- 1
- Floors
- 28
- Total units
- 198
Facilities
What's nearby
🏥 Healthcare
- Island Hospital850m
- Penang Adventist Hospital1.2km
- Gleneagles Medical Centre Penang1.8km
- Loh Guan Lye Specialist Centre1.7km
🎓 Schools
- St Christopher's International Primary School1.0km
🛍 Shopping
- Gurney Plaza1.8km
- Gurney Paragon Mall1.8km
Monthly Instalment Calculator
Monthly Instalment
RM 5,251
Total Interest
RM 1,035,368
Total Outlay
RM 2,335,368
Pulau Tikus — area snapshot
Full area guide →Pulau Tikus is a mature, low-rise residential neighbourhood favoured for its quiet streets and proximity to international schools. Low new supply makes completed units here relatively scarce.
Price range
RM 500K – RM 4.1M
asking prices in area
Active projects
0
selling or under construction
Subsale condos
6
completed projects
Total tracked
8
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 130,000 |
| SPA stamp duty | RM 36,000 |
| SPA legal fee | RM 13,650 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 36,000 |
| Loan stamp duty (0.5%) | RM 5,850 |
| Loan agreement legal fee | RM 5,850 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 230,350 |
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
How much is Codrington Residence Pulau Tikus per square foot?
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Who is the developer of Codrington Residence Penang?
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Is Codrington Residence freehold?
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What is the size of units at Codrington Residence?
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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 1.3M
Codrington Residence