Tanjung Tokong · Subsale Market
City Residence 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 Residence is a completed freehold condominium in Tanjung Tokong, Penang, completed in 2017 by Ivory Properties. It has 202 units. Subsale asking prices start from roughly RM 700K.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-04.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 460–5,600 | RM700,000 | ~RM1,522 |
Zac’s Take
Zac Ong
City Residence doesn't try to be a landmark, and that's its appeal: a freehold Tanjung Tokong address, finished in 2017 by Ivory Properties, with 202 homes in a building that's easy to live in.
The range is wide, from compact units of about 460 sq ft up to penthouses of around 5,600 sq ft, so asking prices of roughly RM700,000 to RM1.45M cover very different homes. Pick the layout first, then talk about price.
Rents of about RM2,500 to RM7,500 a month reflect that same spread. It suits buyers who want a solid, freehold home near Straits Quay without paying seafront prices.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a City Residence 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 Residence.
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 Residence is priced within Tanjung Tokong
At roughly RM1522 psf, City Residence prices toward the upper end of Tanjung Tokong's condo band (RM550–1500 psf). Expect to justify that with something concrete: sea view, low density, branded management, or a genuinely superior position within the area.
vs NAPIC median
+158%
Area median RM589 psf (all residential)
Building age
9 years
Completed 2017
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.
What to inspect before you commit at City Residence
- 1.Internal pipes and electrical — For buildings past the ten-year mark, ask for a recent plumbing inspection. Full repiping is a five-figure cost you do not want to discover after VP.
- 2.Waterproofing and ceiling stains — Check bathroom floors, balcony thresholds and the ceiling directly under any upstairs wet area. Old stains that were painted over will reappear.
- 3.Lift modernisation status — Lifts have a service life. Ask whether modernisation has been done or is being planned — it is one of the largest special assessments a JMB can raise.
- 4.Original vs renovated layout — Confirm any structural alteration by a previous owner was approved. Unapproved hacking can complicate financing and your own future resale.
- 5.Actual unit orientation — Visit at the time of day you would normally be home. Afternoon west sun in Penang changes both comfort and your electricity bill.
City Residence price 2026
What City Residence trades at on the sub-sale market, last checked 2026-10-04.
| Asking from | RM700,000 – RM1.45M |
| Built-up | 460 – 5,600 sqft |
| Completed | 2017 |
| Units | 202 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. Listings in September 2026 ran from about RM700,000 for smaller homes to around RM1.2–1.45M for three-bedroom units of about 1,220–1,830 sq ft; a rare duplex penthouse of almost 8,000 sq ft was listed at about RM5.3M.
The building is 9 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 Residence for sale & for rent
Asking rents at City Residence ran from about RM2,500–7,500 a month in September–October 2026, from studios and one-bedroom units to 1,800 sq ft three-plus-one bedroom homes. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
City Residence key facts
- Developer
- Ivory Properties
- Area
- Tanjung Tokong, Penang
- Type
- mixed
- Tenure
- freehold
- Completed
- 2017
- Total units
- 202
- 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 of DreamsRM700K
- 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 Residence subsale — common questions
What is the price of City Residence?
Listings in September 2026 ran from about RM700,000 for smaller homes to around RM1.2–1.45M for three-bedroom units of about 1,220–1,830 sq ft; a rare duplex penthouse of almost 8,000 sq ft was listed at about RM5.3M.
Is City Residence freehold or leasehold?
City Residence is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at City Residence?
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 Residence?
Asking rents ran from RM2,500 to RM7,500 a month in September–October 2026, from studios and one-bedroom units to 1,800 sq ft three-plus-one bedroom homes. 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 Residence completed?
City Residence was completed in 2017 by Ivory Properties, so homes here are bought from existing owners.
How big are the homes at City Residence?
Homes range from about 460 to 5,600 sq ft. There are 202 homes in total.
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.