Tanjung Tokong · Subsale Market
Fettes 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.
Fettes Residence is a completed freehold condominium in Tanjung Tokong, Penang, completed in 2011 by IOI Properties. It has 195 units. Subsale asking prices currently run about RM570–625 per sq ft, with the typical unit asking around RM 1.50M (from roughly RM 1.14M).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-12.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| 3+1 Bedroom · 3+1 Bedroom — 2,000-2,200 sqft | 2,000–2,200 | RM1.139M | ~RM570 |
Zac’s Take
Zac Ong
Fettes Residence is IOI Properties' freehold tower on the Tanjung Tokong / Mount Erskine edge — 195 units, completed 2011, and known for its large layouts (most units about 2,000–2,500 sq ft, penthouses from about 4,000).
My take: this is a space-buyer's building — big freehold units at a sensible psf (asking about RM590–625; recorded sales 2021–2025 at a median of about RM569 psf and RM1.37M), from around RM1.14M. It suits a family that wants square footage and a settled address near Gurney and Straits Quay without paying new-launch premiums. Ask me which unit has the cleanest aspect.
Reviews and comparisons
- Fettes Residence Review 2026 — 2,000 sqft Freehold Near Gurney
- Andaman @ Quayside vs Fettes Residence 2026 — Precinct Scale or Boutique Character?
- Andaman @ Quayside Review 2026 — Inside E&O's Seri Tanjung Pinang Flagship
- Andaman @ Quayside vs Marriott Residences 2026 — Two Completed Seafronts, Very Different Decisions
- Andaman @ Quayside vs W Residence Gurney Bay 2026 — Which One Should You Actually Buy?
- 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 Fettes 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 Fettes 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 Fettes Residence is priced within Tanjung Tokong
At roughly RM570 psf, Fettes Residence sits toward the value end of Tanjung Tokong's condo band (RM550–1500 psf). That usually reflects building age, floor level, or distance from the area's prime frontage — worth checking which, because the first two are negotiable and the third is not.
vs NAPIC median
-3%
Area median RM589 psf (all residential)
Building age
15 years
Completed 2011
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 Fettes 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.
Fettes Residence price 2026
What Fettes Residence trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM1.14M+ |
| PSF | RM570 – 625 |
| Built-up | 2,000 – 2,508 sqft |
| Completed | 2011 |
| Units | 195 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 listings from about RM1.14M; asking about RM590–625 psf. Recorded sales 2021–2025: median about RM1.37M and RM569 psf (14 transactions, list.my). Launched at RM836,800–2,645,800 (StarProperty).
The building is 15 years old. Old enough that the sinking fund and the state of common property matter more than the finishes. Ask for the MC accounts and the last AGM minutes — arrears across the building are the number that predicts your future maintenance bill.
A foreign buyer can purchase here — the RM1M minimum is cleared. 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.
Fettes Residence for sale & for rent
Asking rents at Fettes Residence ran from about RM3,200–5,800 a month in September–October 2026, for most homes, with larger sea-view units listed higher. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Fettes Residence key facts
- Developer
- IOI Properties
- Area
- Tanjung Tokong, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2011
- Total units
- 195
- Asking PSF
- RM570–625
- Price from
- RM 1.14M
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
- 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
- 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
Fettes Residence subsale — common questions
What is the price of Fettes Residence?
2026 listings from about RM1.14M; asking about RM590–625 psf. Recorded sales 2021–2025: median about RM1.37M and RM569 psf (14 transactions, list.my). Launched at RM836,800–2,645,800 (StarProperty).
Is Fettes Residence freehold or leasehold?
Fettes Residence is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Fettes Residence?
Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Fettes Residence?
Asking rents ran from RM3,200 to RM5,800 a month in September–October 2026, for most homes, with larger sea-view units listed 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 Fettes Residence completed?
Fettes Residence was completed in 2011 by IOI Properties, so homes here are bought from existing owners.
How big are the homes at Fettes Residence?
Homes range from about 2,000 to 2,508 sq ft. There are 195 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.