penangproperty
CompletedfreeholdresidentialEst. 2026

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
Z

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

TypeConfigSize (sqft)UnitsCar parks
3BR3BR1,288–1,615
Total

Building specifications

Blocks
1
Floors
28
Total units
198

Facilities

Swimming PoolGymnasium24-Hour SecurityLandscaped Gardens

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

📲 Discuss financing options with Zac

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 500KRM 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.

DownpaymentRM 130,000
SPA stamp dutyRM 36,000
SPA legal feeRM 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 feeRM 5,850
Valuation feeRM 2,000
Search, admin, miscRM 1,000
Gross upfront totalRM 230,350

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

Cash rebate3% = RM 39,000
0%5%10%
Total developer savingsRM 64,350

Net upfront (after savings)

Based on typical 2026 new launch package

RM 166,000

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?

+
Positioned in the Pulau Tikus premium bracket; live PSF varies by floor and view. Request the developer price list for current quote.

Who is the developer of Codrington Residence Penang?

+
Primary Spectra Development Sdn. Bhd. — a smaller developer name. Inspect show unit quality carefully and ask about defect-liability terms; brand-level build track record is less established than tier-one names.

Is Codrington Residence freehold?

+
Yes — freehold tenure with residential land title. Residential title is the cleanest structure for foreign-buyer state consent and best loan margin.

Is Codrington Residence completed?

+
Codrington Residence completes around 2026 and is available on the subsale market. Freehold, residential title, a BSG Property & VST Group joint venture in Pulau Tikus.

What is the size of units at Codrington Residence?

+
From 1,400 sqft upward — sized for own-stay upgraders rather than the investor bracket. 198 units total, low-density feel for a Pulau Tikus high-rise.

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

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