Chin Hin Group Property Berhad (JV)
Crown Penang
Straits Quay, Tanjung Tokong
From
RM 704K
RM 1000+ PSF · Completion 2029
Tenure
freehold
Title
Commercial (HDA)
Total Units
588
Completion
2029
- From
- RM 704K
- PSF
- RM 1000
- Tenure
- freehold
- Total units
- 588
- Status
- selling
- Completion
- 2029
Price at a glance
Prices as at November 2026 — Developer prices basis. Last checked 2026-10-09. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 614–1,851 | RM704,000 | RM1,000 |
Zac’s Take
Zac Ong
Crown Penang is a freehold serviced-residence tower in Seri Tanjung Pinang, Tanjung Tokong, by Chin Hin Property with Ivory Properties: 588 suites over an eight-level car park podium on a 2-acre site between The Tamarind and Marinox Sky Villas, looking out over the STP2 island. It's due in 2029.
Suites run from 614 sq ft studios to 1,851 sq ft three-bedrooms, priced from about RM704,000. Straits Quay's shops and restaurants are a short walk away.
It suits buyers who want a new home with a sea view near Straits Quay at a lower ticket than the seafront condos. The catch is the commercial title: expect commercial utility rates and tighter loan terms at some banks. Foreign buyers need a unit priced at RM1M or more, so mostly the larger layouts. Floor matters here, since the lower levels look onto the podium rather than the sea.
Crown Penang photos
+1 more photos — WhatsApp Zac to receive the full gallery.
Crown Penang price list 2026
0 of 5 unit types have a published price · completing 2029
| Type | Size (sqft) | Price from | PSF (derived) | Units |
|---|---|---|---|---|
| AStudio | 614–1,044 | On application | — | 180 |
| B1+1 Bedroom | 840–1,076 | On application | — | 336 |
| C2 Bedrooms | 1,141–1,851 | On application | — | 60 |
| C12 Bedrooms | 1,087 | On application | — | 12 |
| D3 Bedrooms | 1,625 | On application | — | 12 |
PSF is derived, not quoted — each row divides that type's price by its own square footage. Developers do not always state whether a published size is built-up or nett, and the two can differ by 20%. Ask for both in writing before you sign.
Developer price — the project has not completed, so there is no resale market to compare against, last checked 2026-10-09. Developers reprice between phases — confirm the current list before committing.
No published unit type clears the RM1M foreign-buyer minimum, but 5 types are priced on application — those may qualify. Ask before ruling the project out.
5 unit types are priced on application
Usually the penthouses and duplexes — developers hold those back rather than publish them. I can get you the current figure and the floor plan directly.
📲 Ask for the current price list⚠Commercial title with HDA — cannot convert to residential
Crown Penang completion date
Crown Penang is expected to complete in 2029.
Read that as the developer's target, not a guarantee. What matters contractually is the vacant possession date in your SPA — 36 months from the sale and purchase agreement for a strata title under the Housing Development Act, with liquidated damages payable if the developer misses it. A launch year quoted in marketing and the VP date you can enforce are different things, so check the SPA schedule before you plan a move-in or a tenancy.
Building specifications
- Blocks
- 1
- Floors
- 41
- Total units
- 588
- Car parks
- 700 bays
- Lifts per floor
- 5
- Ceiling height
- 2.8–3.1m
- Maint. fee
- RM0.41/sqft
- Security tiers
- 4-tier
- Orientation
- North-West (Pearl Hill views) / South-East (sea views)
- Architect
- Cipta Teguh Architects Sdn Bhd
Facilities
What's nearby
🏥 Healthcare
- Osel Clinic Straits Quay
- Mount Miriam Cancer Hospital
- Penang Adventist Hospital
- Gleneagles Hospital Penang
- Island Hospital Penang
🎓 Schools
- Stonyhurst International School Penang
- Dalat International School
🛍 Shopping
- Straits Quay Marina Mall
- Lotus's Tanjung Pinang
- Gurney Plaza
- Gurney Paragon
🌳 Parks & leisure
- STP Seafront Promenade
- Straits Green Park
- Gurney Bay
🏥 Healthcare
- Mount Miriam Cancer Hospital
- Penang Adventist Hospital
- Gleneagles Hospital Penang
🎓 Schools
- Stonyhurst International School Penang
- Pelita International School
- Phor Tay Private High School
🛍 Shopping
- Straits Quay
- Gurney Plaza
- Island Plaza
What's included in each unit
Fully furnished — items included in the purchase price per developer specification.
End-financing panel banks
Banks pre-approved for Crown Penang — approach any of these for a faster loan approval process.
Pre-approved banks as at launch. Confirm current status with your preferred bank directly.
🌏 Foreign buyer info
Min. RM1M purchase price. State consent required (approx. RM21,748 total fees). Commercial title — TNB tariff stays commercial at VP; apply to TNB for residential rate post-VP.
See also: Penang foreign buyer guide →
🏨 Short-stay rental option
Optional Maple Home STR management package available — a third-party operator (7 years experience). Independent of purchase, not tied to loan or SPA.
🏗️ Construction Updates
2025-03
Stage 2a: Piling and foundation
2025-06
Stage 2b1: RC framework — car park levels
2026-05
Stage 2b2: RC framework — residential levels
2026-06
Stage 2c: Walls with door and window frames
2026-08
Stage 2d: Roof, electrical wiring, plumbing
2026-09
Stage 2e1: Internal plastering
2027-01
Stage 2e2: External plastering
2027-04
Stage 2f/2g: Sewerage and drains
2027-05
Stage 2h: Roads — final works before VP (Q1 2029)
Monthly Instalment Calculator
Monthly Instalment
RM 2,844
Total Interest
RM 560,692
Total Outlay
RM 1,264,692
Estimates only — not an offer, quotation, or representation of the developer's actual pricing or package. Actual instalments depend on the bank's approved rate, tenure and margin of financing.
📲 Discuss financing options with ZacPhoto gallery
Other projects in tanjung tokong
All 27 others we track here, cheapest first — 2 of them still selling.
- The LandmarkRM550K
- The BrezzaRM567K
- The MegRM600K
- Eight & EightRM691K
- City of DreamsRM700K
- City ResidenceRM700K
- Jazz ResidenceRM720K
- Skyridge GardenRM720K
- Straits Quay Suites @ WatersideRM730K
- The TamarindRM780K
- Marinox Sky VillasRM800K
- Arica @ Andaman IslandRM800K
- 18 East at AndamanRM1.09M
- Vantage Desiran TanjungRM1.1M
- Fettes ResidenceRM1.14M
- Andaman @ QuaysideRM1.28M
- Ariza Seafront TerracesRM2.7M
- Acacia @ Seri Tanjung PinangRM3.2M
- Avalon @ Seri Tanjung PinangRM3.28M
- The PenthouseRM3.46M
- Andorra Skyloft TerracesRM3.88M
- AmarisRM3.99M
- CaspianRM4.6M
- SkyeRM6.38M
- Cayman Super Semi-DRM6.5M
- MartiniqueRM6.7M
- AbrezzaRM6.7M
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 550K – RM 6.7M
asking prices in area
Active projects
2
selling or under construction
Subsale condos
25
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 70,400 |
| SPA stamp duty (tiered 1–4%) | RM 15,120 |
| SPA legal fee | RM 8,290 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 15,120 |
| Loan stamp duty (0.5%) | RM 3,168 |
| Loan agreement legal fee | RM 3,168 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 118,266 |
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 only, based on 2026 Penang state rules — not an offer, quotation, or representation of the developer's actual package. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
What is the price of Crown Penang?
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Is Crown Penang freehold or leasehold?
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Can a foreigner buy at Crown Penang?
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When will Crown Penang be completed?
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How big are the homes at Crown Penang?
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Is Crown Penang worth buying as investment?
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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 704K
Crown Penang