Chin Hin Group Property Berhad (JV)
Crown Penang
Straits Quay, Tanjung Tokong
From
RM 704K
RM 955+ PSF · Completion 2029
Tenure
freehold
Title
Commercial (HDA)
Total Units
588
Completion
2029
- From
- RM 704K
- PSF
- RM 955
- Tenure
- freehold
- Total units
- 588
- Status
- selling
- Completion
- 2029
Price at a glance
Prices as at September 2026 — Developer prices basis. Last checked 2026-07-30. The project has not completed — no resale market yet.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 614–1,851 | RM704,000 | RM955 |
Zac’s Take
Zac Ong
Crown Penang is one of the best sea-view positions launched in Tanjung Tokong in years — a 588-unit tower in the Seri Tanjung Pinang precinct, developed through a joint venture including Chin Hin Property Berhad. Important correction: this is commercial title under HDA, not residential title — it cannot be converted to residential later, so factor in commercial-rate utility tariffs (TNB) and confirm current LTV and foreign buyer consent terms specifically for commercial-title purchases before committing. The genuine draw here is location, not tenure classification: Straits Quay retail and F&B are a short distance away, Penang Chinese Girls' High School is 1.2km, Uplands International 2.8km, Island Hospital 3.4km, Gleneagles 4.1km, Gurney Plaza ~2km. Drive-dependent but the immediate walkability around Straits Quay marina is real. Unit configuration sweet spot: the 1,281 sqft Type A layout is worth shortlisting — sized for own-stay, positioned at the accessible end of the price range, with a reasonable resale profile. The 1,539 sqft Type B is the upgrader's pick; penthouses are trophy buys with thinner liquidity. Target buyer: HK/SG investor comfortable with commercial title near Straits Quay; MM2H family looking at own-stay plus rental flexibility; Penang upgrader trading out of older Tanjung Tokong stock. Not for: buyers who specifically need residential title (look elsewhere in this corridor), yield-only investors (PSF doesn't deliver headline 6%+ gross), or own-stay families who need rail access (the funded Mutiara Line does not serve the northern corridor at all — there is no Gurney station on it). Genuine concern: low-floor units face the existing car-park deck — view, light and resale-PSF all step down meaningfully below Level 18-20. Mitigation: do not buy below Level 20 unless the discount is severe and you're own-staying.
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 2026-07-30. 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 Quay330m
- Mount Miriam Cancer Hospital1.1km
- Penang Adventist Hospital2.6km
- Gleneagles Hospital Penang3.3km
- Island Hospital Penang3.7km
🎓 Schools
- Stonyhurst International School400m
- Dalat International School2.6km
- Prince of Wales Island International School3.0km
🛍 Shopping
- Straits Quay Marina Mall370m
- Lotus's Tanjung Pinang450m
- Gurney Plaza2.0km
- Gurney Paragon2.0km
🌳 Parks & leisure
- STP Seafront Promenade400m
- Straits Green Park580m
- Gurney Bay2.6km
🏥 Healthcare
- Mount Miriam Cancer Hospital1.1km
- Penang Adventist Hospital2.6km
- Gleneagles Hospital Penang3.3km
🎓 Schools
- SK Tanjung Tokong500m
- Stonyhurst International School Penang400m
- Pelita International School2.5km
- Phor Tay Private High School2.0km
🛍 Shopping
- Straits Quay300m
- Gurney Plaza3.2km
- Island Plaza2.8km
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 26 others we track here, cheapest first — 2 of them still selling.
- Skyridge GardenRM370K
- The LandmarkRM550K
- The MegRM600K
- Straits Quay Suites @ WatersideRM638K
- Eight & EightRM691K
- City of DreamsRM700K
- City ResidenceRM700K
- Jazz ResidenceRM750K
- The TamarindRM780K
- Marinox Sky VillasRM800K
- Arica @ Andaman IslandRM800K
- 18 East at AndamanRM1.1M
- Fettes ResidenceRM1.14M
- Vantage Desiran TanjungRM1.18M
- Andaman @ QuaysideRM1.28M
- Ariza Seafront TerracesRM2.7M
- Avalon @ Seri Tanjung PinangRM3.3M
- The PenthouseRM3.46M
- Acacia @ Seri Tanjung PinangRM3.7M
- AmarisRM4M
- Andorra Skyloft TerracesRM4M
- SkyeRM4M
- CaspianRM4.6M
- Cayman Super Semi-DRM6.1M
- MartiniqueRM6.7M
- AbrezzaRM7.5M
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 370K – RM 7.5M
asking prices in area
Active projects
2
selling or under construction
Subsale condos
24
completed projects
Total tracked
27
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
How much is Crown Penang per square foot in 2026?
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What is the completion date for Crown Penang Straits Quay?
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Is Crown Penang freehold and residential title?
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What is the Crown Penang floor plan and unit mix?
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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