Method 123 Sdn. Bhd. (Tamarins Group)
The Penthouse
Jalan Bunga Hinai, Tanjung Tokong
From
RM 3M
RM 692–799 PSF · Completion 2017
Tenure
freehold
Title
TBC
Total Units
22
Completion
2017
- From
- RM 3M
- PSF
- RM 692–799
- Tenure
- freehold
- Total units
- 22
- Status
- completed
- Completion
- 2017
Zac’s Take
Zac Ong
The Penthouse is Tamarins Group's ultra-low-density tower in Tanjung Tokong — a 29-storey building with just 22 units, one per floor, freehold, completed in 2017. When someone wants a full-floor residence with total privacy, this is the reference point.
Units are large (standard floors around 5,000 sqft, penthouses near 9,000), which is why the psf looks modest (about RM692–799) against a RM3M-plus entry — you're buying serious floor area. It's an own-a-floor lifestyle asset in an established premium pocket.
My honest take: this is a trophy own-stay for a specific buyer — one who values a private full-floor home over amenities or liquidity. At 22 units, resale is thin by design. If that's the brief, it's rare stock. Ask me what's currently available.
Facilities
What's nearby
🏥 Healthcare
- Gleneagles Hospital Penang5.0km
- Adventist Hospital Penang5.3km
🎓 Schools
- Sekolah Kebangsaan Tanjung Tokong1.0km
- Uplands International School2.6km
- Tenby International School Penang3.1km
🛍 Shopping
- Straits Quay1.0km
- Gurney Plaza4.0km
- Gurney Paragon4.2km
💎 Premium tier — what actually matters
At this price tier, buyers care about a different set of numbers
Most The Penthouse buyers pay cash or use private banking — so monthly instalments aren't the metric. The questions Zac gets asked are:
- · Resale liquidity — how long to find a buyer in 5 years
- · Capital appreciation — what the area has done over 3, 5, 10 years
- · Carrying cost — maintenance + tax + utilities, not loan
- · Estate planning — title structure, inheritance handling
- · Foreign buyer levy & consent — true total cost basis
- · Lawyer / private banker network — who handles transactions well
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 300,000 |
| SPA stamp duty | RM 104,000 |
| SPA legal fee | RM 27,250 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 104,000 |
| Loan stamp duty (0.5%) | RM 13,500 |
| Loan agreement legal fee | RM 13,500 |
| Valuation fee | RM 3,500 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 566,750 |
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 The Penthouse one unit per floor?
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How big are the units?
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What are prices at The Penthouse?
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Where is The Penthouse located?
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Can foreigners buy at The Penthouse?
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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 3.0M
The Penthouse