Tanjung Tokong · Subsale Market
City of Dreams Subsale — Tanjung Tokong, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on 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 RM964–1504 per sq ft, with the typical unit asking around RM 1.38M (from roughly RM 700K). Note: it sits on commercial title, so utilities may be billed at commercial rates.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-10.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 670–2,370 | RM700,000 | RM964 |
Zac’s Take
Zac Ong
City of Dreams is Ewein Zenith's freehold serviced-residence development in Seri Tanjung Pinang, Tanjung Tokong: 572 homes in two towers, completed in 2020, with a steady resale market.
Listings start from about RM700,000 for the smallest units of about 670 sq ft. In September 2026, three-bedroom units of about 1,100 to 1,185 sq ft were listed at around RM1.15M to RM1.65M, roughly RM970 to RM1,500 per sq ft depending on floor and view, with the largest units up to about RM3.26M.
It suits owner-occupiers and long-term landlords who want a finished home near Straits Quay without waiting for a new launch. It's on commercial title under the Housing Development Act, so expect commercial utility rates, and short-stay letting needs the owners' 75% vote and a council licence. Units at RM1M or more are open to foreign buyers.
Reviews and comparisons
- City of Dreams Review 2026 — Ewein Zenith's Freehold Twin Tower at Seri Tanjung Pinang
- Andaman @ Quayside vs City of Dreams — Tanjung Tokong's Two Premium Sub-Sale Condos Compared
- Penang's Homestay Grace Period Ends on 1 November 2026: What Happens to Your Airbnb Unit, Case by Case
- Straits Quay Suites @ Waterside Review 2026 — Boutique Marina-Front E&O Serviced Apartment
- The Tamarind Review 2026 — E&O's 1,104-Unit Freehold Serviced Apartment at Straits Quay
- Best Condos in Tanjung Tokong Penang 2026 — Every Branded, Freehold & Foreign-Eligible Address, Ranked
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a City of Dreams subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Tanjung Tokong's noise levels, traffic, neighbour mix, and JMC quality are known quantities at City of Dreams.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How City of Dreams is priced within Tanjung Tokong
At roughly RM964 psf, City of Dreams sits mid-band for Tanjung Tokong (RM550–1500 psf). This is the range where unit-specific factors — floor, view, renovation, facing — matter more than the address itself when you negotiate.
vs NAPIC median
+64%
Area median RM589 psf (all residential)
Building age
6 years
Completed 2020
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data — see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
Before you sign at City of Dreams — the commercial-title checks
- 1.Utility tariff in practice — Commercial title usually means commercial TNB and water rates. Ask current owners what they actually pay monthly, not what the brochure implies.
- 2.Financing margin — Some banks cap loan-to-value lower on commercial-title residential units. Get an in-principle approval before you pay a booking fee.
- 3.Short-stay house rules — Serviced-apartment does not automatically mean Airbnb is allowed. Read the current house rules — management can and does restrict short-stay letting.
- 4.Resale buyer pool — Commercial title narrows who can buy from you later. Make sure the entry price reflects that, not just the location.
- 5.Maintenance rate per sq ft — Compare the psf maintenance charge against nearby residential-title blocks. On big units the annual gap is meaningful.
City of Dreams price 2026
What City of Dreams trades at on the sub-sale market, last checked 2026-10-10.
| Asking from | RM700,000 – RM3.26M |
| PSF | RM964 – 1504 |
| Built-up | 670 – 2,370 sqft |
| Completed | 2020 |
| Units | 572 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. Listings run from about RM700,000 for the smallest units of about 670 sq ft; three-bedrooms of about 1,100–1,185 sq ft were listed at RM1.15M–1.65M in September 2026 (about RM970–1,500 per sq ft); the largest units up to about RM3.26M.
The building is 6 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here — the RM1M minimum is cleared by the larger units, though not at the entry price. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
City of Dreams for sale & for rent
Asking rents at City of Dreams ran from about RM3,300–6,500 a month in September–October 2026, for homes of about 1,097–1,335 sq ft; larger units list higher. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
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
- RM964–1504
- Price from
- RM 700K
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 550K – RM 6.7M
asking prices in area
Active projects
3
selling or under construction
Subsale condos
24
completed projects
Total tracked
28
properties in this area
Other projects in Tanjung Tokong
All 27 others we track here, cheapest first — 3 of them still selling.
- The LandmarkRM550K
- The BrezzaRM567K
- The MegRM600K
- Eight & EightRM691K
- City ResidenceRM700K
- Crown PenangRM704K
- Jazz ResidenceRM720K
- Skyridge GardenRM720K
- Straits Quay Suites @ WatersideRM730K
- The TamarindRM780K
- Marinox Sky VillasRM800K
- Arica @ Andaman IslandRM800K
- 18 East at AndamanRM1.09M
- Vantage Desiran TanjungRM1.1M
- Fettes ResidenceRM1.14M
- Andaman @ QuaysideRM1.28M
- Ariza Seafront TerracesRM2.7M
- Acacia @ Seri Tanjung PinangRM3.2M
- Avalon @ Seri Tanjung PinangRM3.28M
- The PenthouseRM3.46M
- Andorra Skyloft TerracesRM3.88M
- AmarisRM3.99M
- CaspianRM4.6M
- SkyeRM6.38M
- Cayman Super Semi-DRM6.5M
- MartiniqueRM6.7M
- AbrezzaRM6.7M
City of Dreams subsale — common questions
What is the price of City of Dreams?
Listings run from about RM700,000 for the smallest units of about 670 sq ft; three-bedrooms of about 1,100–1,185 sq ft were listed at RM1.15M–1.65M in September 2026 (about RM970–1,500 per sq ft); the largest units up to about RM3.26M.
Is City of Dreams freehold or leasehold?
City of Dreams is freehold, on a commercial title, sold under the Housing Development Act. Those are two separate facts and only the first usually appears in marketing. A commercial title means commercial utility and assessment tariffs, and a tighter loan margin at most banks.
Can a foreigner buy at City of Dreams?
Yes, on the larger units. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property, which the entry price does not clear. MM2H participants have a lower minimum of RM500,000 (residential, up to two homes), which opens the cheaper units too. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at City of Dreams?
Asking rents ran from RM3,300 to RM6,500 a month in September–October 2026, for homes of about 1,097–1,335 sq ft; larger units list higher. These are asking rents on the main property portals, not signed leases. Short-term holiday letting isn't allowed in condos on Penang Island, so think in one- or two-year tenancies.
When was City of Dreams completed?
City of Dreams was completed in 2020 by Ewein Zenith Sdn. Bhd., so homes here are bought from existing owners.
How big are the homes at City of Dreams?
Homes range from about 670 to 2,370 sq ft. There are 572 homes in total.
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.
More on the neighbourhood:
Tanjung Tokong area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.