Tanjung Tokong · Subsale Market
Jazz 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.
Jazz Residence is a completed freehold condominium in Tanjung Tokong, Penang, completed in 2019 by Sure Commerce Sdn. Bhd.. It has 146 units. Subsale asking prices currently run about RM549–806 per sq ft, with the typical unit asking around RM 995K (from roughly RM 720K). 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 2026-10-12.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,365–2,000 | RM720,000 | RM549 |
Zac’s Take
Zac Ong
Jazz Residence looks cheap for Tanjung Tokong, and the reason is the land title. It's freehold, but on commercial land, which usually means commercial utility rates, higher assessment and a smaller loan, often 70–80% of the price rather than 85–90%.
The homes themselves are generous, about 1,365 to 2,000 sq ft, with 2026 listings of roughly RM720,000 to RM1.3M and rents of about RM3,600 to RM7,900 a month. The 146-home building was completed in 2019.
If you're comparing it with a residential-title condo at a similar price, add up ten years of the higher bills before deciding the discount is real. For a buyer who wants space and plans to stay, it can still make sense.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Jazz 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 Jazz 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 Jazz Residence is priced within Tanjung Tokong
At roughly RM549 psf, Jazz 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
-7%
Area median RM589 psf (all residential)
Building age
7 years
Completed 2019
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 Jazz Residence — 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.
Jazz Residence price 2026
What Jazz Residence trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM720,000 – RM1.3M |
| PSF | RM549 – 806 |
| Built-up | 1,365 – 2,000 sqft |
| Completed | 2019 |
| Units | 146 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 7 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.
Jazz Residence for sale & for rent
Asking rents at Jazz Residence ran from about RM3,600–7,900 a month in September–October 2026, from two-bedroom units to duplex penthouses. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Jazz Residence key facts
- Developer
- Sure Commerce Sdn. Bhd.
- Area
- Tanjung Tokong, Penang
- Type
- serviced apartment
- Tenure
- freehold · commercial
- Completed
- 2019
- Total units
- 146
- Asking PSF
- RM549–806
- Price from
- RM 720K
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
- 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
Jazz Residence subsale — common questions
What is the price of Jazz Residence?
Jazz Residence runs RM720,000 to RM1,300,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM549–806 per square foot. Checked 2026-10-12.
Is Jazz Residence freehold or leasehold?
Jazz Residence is freehold, on a commercial title. 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 Jazz 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 Jazz Residence?
Asking rents ran from RM3,600 to RM7,900 a month in September–October 2026, from two-bedroom units to duplex penthouses. 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 Jazz Residence completed?
Jazz Residence was completed in 2019 by Sure Commerce Sdn. Bhd., so homes here are bought from existing owners.
How big are the homes at Jazz Residence?
Homes range from about 1,365 to 2,000 sq ft. There are 146 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.