New Launches

Penang Luxury Condos & Branded Residences (Above RM1.8M)

The Penang luxury segment is concentrated in three pockets: Tanjung Tokong/Gurney waterfront (W Residence Gurney Bay, Marriott Residences, Maris/The Meg at Andaman Island), the Georgetown heritage zone, and a small number of branded developments at Crown Penang and Bayan Mutiara. Most are foreign-buyer eligible. See our branded residences hub for the brand-by-brand breakdown.

What RM1.5M vs RM3M vs RM5M actually buys in Penang luxury property →

All New Launches Freehold Penang Island Penang Mainland Below RM1M Above RM1M Residential Title Investment

7 projects match this filter

From RM 704K

RM 1000–1000 psf

Crown Penang

Straits Quay, Tanjung Tokong

0–3 bed614–1,851 sqft588 units

freeholdEst. 2029Chin Hin Group Property Berhad (JV)

🌏 Foreign Buy

From RM 1.6M

RM 1837–2634 psf

Marriott Residences

Gurney Drive / Kelawai Road

2–3 bed871–3,134 sqft294 units

freeholdEst. 2023Taman Sri Bunga S.B. (BSG Property)

From RM 600K

RM 1036–1146 psf

The Meg

Andaman Island, off Gurney Drive

567–897 sqft1,020 units

freeholdEst. 2026Persada Mentari Sdn. Bhd. (Eastern & Oriental Berhad)

🌏 Foreign Buy

From RM 2.4M

W Residence Gurney Bay

Gurney Drive (opposite Gurney Plaza)

1,033–3,670 sqft498 units

freeholdEst. 2028Macrovest Sdn. Bhd. (VST Group)

🌏 Foreign Buy

From RM 1.4M

RM 1058–1436 psf

Codrington Residence

Lebuhraya Codrington, Pulau Tikus

1,288–1,612 sqft198 units

freeholdEst. 2026Primary Spectra Development Sdn. Bhd. (BSG Property & VST Group JV)

🌏 Foreign Buy

From RM 2.1M

RM 1178–1402 psf

Moulmein Rise

Pulau Tikus

1,787–2,228 sqft84 units

freeholdEst. 2016Belleview Group

🌏 Foreign Buy

From RM 800K

RM 845–845 psf

tanjung tokong

Arica @ Andaman Island

Arica @ Andaman Island

Andaman Island (Seri Tanjung Pinang Phase 2), Tanjung Tokong

2–3 bed947–1,259 sqft380 units

freeholdEst. 2027Persada Mentari Sdn. Bhd. (Eastern & Oriental Berhad)

📲 Get the full list + prices for these projects