penangproperty

Tanjung Tokong · Subsale Market

City of Dreams Subsale — Tanjung Tokong, Penang

Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.

City of Dreams is a completed freehold condominium in Tanjung Tokong, Penang, completed in 2020 by Ewein Zenith Sdn. Bhd.. It has 572 units. Subsale asking prices currently run about RM1300–1400 per sq ft (from roughly RM 1.18M). Note: it sits on commercial title, so utilities may be billed at commercial rates.

Available Listings

No listings currently on file. Zac may have off-market units available.

Ask Zac about availability

Why buy a City of Dreams subsale (vs a new launch elsewhere)

Immediate occupancy

Move in within 3 months of SPA. No 36-month construction wait.

Verified surroundings

Tanjung Tokong's noise levels, traffic, neighbour mix, and JMC quality are known quantities at City of Dreams.

Established maintenance

Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.

5 things to check before signing the City of Dreams SPA

  1. 1.Sinking fund health — confirm the current balance and whether any special assessment is pending in the next 12 months.
  2. 2.Last 3 maintenance billings — verify payment is up to date and there are no outstanding dues from the seller.
  3. 3.JMC minutes (last 12 months) — look for recurring complaints, structural concerns, or planned major works.
  4. 4.Common-area condition — physically walk the pool deck, lifts, lobbies, gym, and parking ramps. Photo anything concerning for negotiation leverage.
  5. 5.Internal pipes + electrical — for buildings 10+ years old, ask for a recent plumbing inspection report. Pipe replacement is a five-figure capex you don't want to discover post-VP.

City of Dreams key facts

Developer
Ewein Zenith Sdn. Bhd.
Area
Tanjung Tokong, Penang
Type
serviced apartment
Tenure
freehold · commercial hda
Completed
2020
Total units
572
Asking PSF
RM1300–1400
Price from
RM 1.18M

Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on City of Dreams:

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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 300KRM 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

City of Dreams subsale — common questions

Is City of Dreams freehold?

Yes — City of Dreams is freehold, on a commercial title under HDA. Completed in 2020 by Ewein Zenith.

What is the asking price at City of Dreams Penang?

Subsale asking prices typically start from around RM1.18M, with PSF in the RM1,300–1,400 range depending on floor and view. WhatsApp Zac for current listings.

What does commercial-HDA title mean for buyers?

The project sits on commercial land but was sold under the Housing Development Act, so buyers get HDA protections. Utilities may be billed at commercial rates — ask Zac for the practical cost difference.

How many units does City of Dreams have?

City of Dreams has 572 units across its towers in Tanjung Tokong.

Can foreigners buy City of Dreams?

Yes — units at current asking prices meet Penang's RM1M minimum purchase price for foreign buyers of strata property on the island.

More on the neighbourhood:

Tanjung Tokong area guide — schools, transport, PSF, lifestyle scorecard →

Substitutes worth comparing

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Same area family, same property type, similar price band — what most buyers actually cross-shop.

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