E&O Property Development
Straits Quay Suites @ Waterside
Straits Quay, Seri Tanjung Pinang, Tanjung Tokong
From
RM 796K
RM 703–1346 PSF · Completion 2010
Tenure
freehold
Title
commercial
Total Units
160
Completion
2010
- From
- RM 796K
- PSF
- RM 703–1346
- Tenure
- freehold
- Total units
- 160
- Status
- completed
- Completion
- 2010
Zac’s Take
Zac Ong
The Suites at Waterside is E&O's serviced-apartment tower sitting right on the Straits Quay marina — freehold, 160 units, completed 2010. It's the address for a buyer who wants to live (or let) directly above the marina retail, dining and yacht berths.
My honest take: this is a lifestyle-and-yield play. Smaller suites keep the entry accessible (from about RM796K), while larger marina-facing units run past RM1.8M at up to ~RM1,346 psf. It's on commercial title — factor commercial utility rates and financing nuances in. For rental, the marina location does the heavy lifting. Ask me which units face the water.
Monthly Instalment Calculator
Monthly Instalment
RM 3,215
Total Interest
RM 633,964
Total Outlay
RM 1,429,964
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 300K – RM 6.7M
asking prices in area
Active projects
2
selling or under construction
Subsale condos
24
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 79,600 |
| SPA stamp duty | RM 17,880 |
| SPA legal fee | RM 9,210 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 17,880 |
| Loan stamp duty (0.5%) | RM 3,582 |
| Loan agreement legal fee | RM 3,582 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 134,734 |
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
Is Straits Quay Suites freehold?
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What are prices at Straits Quay Suites?
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What does commercial title mean here?
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Can foreigners buy at Straits Quay Suites?
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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 796K
Straits Quay Suites @ Waterside