Tanjung Tokong Β· Subsale Market
City Residence Subsale β 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 Residence is a completed freehold condominium in Tanjung Tokong, Penang, completed in 2017 by Ivory Properties. It has 202 units. Subsale asking prices currently run about RM698β1194 per sq ft, with the typical unit asking around RM 1.40M (from roughly RM 700K).
Price at a glance
Prices as at September 2026 β Subsale asking prices basis. Last checked 2026-08-01.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 670β1,850 | RM700,000 | RM698 |
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 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 Residence.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How City Residence is priced within Tanjung Tokong
At roughly RM698 psf, City Residence sits toward the value end of Tanjung Tokong's condo band (RM648β1134 psf). That usually reflects building age, floor level, or distance from the area's prime frontage β worth checking which, because the first two are negotiable and the third is not.
vs NAPIC median
+19%
Area median RM589 psf (all residential)
Area gross yield
~4.2%
Typical for Tanjung Tokong condos
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 β 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 β 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 β 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 β Lifts have a service life. Ask whether modernisation has been done or is being planned β it is one of the largest special assessments a JMB can raise.
- 4.Original vs renovated layout β Confirm any structural alteration by a previous owner was approved. Unapproved hacking can complicate financing and your own future resale.
- 5.Actual unit orientation β 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 2026-08-01.
| Asking from | RM700,000 β RM2.2M |
| PSF | RM698 β 1194 |
| Built-up | 670 β 1,850 sqft |
| Completed | 2017 |
| Units | 202 |
Verified sub-sale asking prices. Asking is not transacted β expect movement between the two.
The building is 9 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporationβs problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here β 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 3β4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep β and if you are near the five-to-six-year line, the date matters more than the price.
City Residence for sale & for rent
Looking to buy or rent a unit in City Residence? Asking prices and rents move with the market and with the specific unit β floor, facing, condition β so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
City Residence key facts
- Developer
- Ivory Properties
- Area
- Tanjung Tokong, Penang
- Type
- mixed
- Tenure
- freehold
- Completed
- 2017
- Total units
- 202
- Asking PSF
- RM698β1194
- Price from
- RM 700K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on City Residence:
View full City Residence profile βTanjung Tokong β area snapshot
Full area guide βTanjung 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 370K β RM 7.5M
asking prices in area
Active projects
3
selling or under construction
Subsale condos
23
completed projects
Total tracked
27
properties in this area
Other projects in Tanjung Tokong
All 26 others we track here, cheapest first β 3 of them still selling.
- Skyridge GardenRM370K
- The LandmarkRM550K
- The MegRM600K
- Straits Quay Suites @ WatersideRM638K
- Eight & EightRM691K
- City of DreamsRM700K
- Crown PenangRM704K
- Jazz ResidenceRM750K
- The TamarindRM780K
- Marinox Sky VillasRM800K
- Arica @ Andaman IslandRM800K
- 18 East at AndamanRM1.1M
- Fettes ResidenceRM1.14M
- Vantage Desiran TanjungRM1.18M
- Andaman @ QuaysideRM1.28M
- Ariza Seafront TerracesRM2.7M
- Avalon @ Seri Tanjung PinangRM3.3M
- The PenthouseRM3.46M
- Acacia @ Seri Tanjung PinangRM3.7M
- AmarisRM4M
- Andorra Skyloft TerracesRM4M
- SkyeRM4M
- CaspianRM4.6M
- Cayman Super Semi-DRM6.1M
- MartiniqueRM6.7M
- AbrezzaRM7.5M
City Residence subsale β common questions
What is the price of City Residence?
City Residence runs RM700,000 to RM2,200,000. These are verified sub-sale asking prices, not transacted figures β expect movement between the two. That works out to about RM698β1,194 per square foot. Checked 2026-08-01.
Is City Residence freehold or leasehold?
City Residence is freehold. We do not hold the land title class on record β confirm 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, which the entry price does not clear. Add a state levy, a flat 8% stamp duty, and 3β4 months for state consent.
When was City Residence completed?
City Residence completed in 2017, developed by Ivory Properties. Units here trade sub-sale.
How big are the units at City Residence?
Built-ups run 670 to 1,850 sq ft. There are 202 units in total.
More on the neighbourhood:
Tanjung Tokong area guide β schools, transport, PSF, lifestyle scorecard βSubstitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.