Georgetown · Subsale Market
Mansion One Subsale — Georgetown, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Mansion One is a completed freehold condominium in Georgetown, Penang, completed in 2014 by Magna Putih Sdn Bhd. Subsale asking prices currently run about RM701–1091 per sq ft (from roughly RM 550K).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-13.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 568–1,406 | RM550,000 | RM701 |
Zac’s Take
Zac Ong
Mansion One is a freehold serviced-residence tower at 57 Jalan Sultan Ahmad Shah, the old Northam Road, next door to Gleneagles Hospital. It began as the 1998 Northam Tower office block, which Magna Putih converted into suites and hotel rooms (run as Vouk Hotel Suites), completed around 2014. Suites run from about 568 to 1,406 sq ft.
Listings in 2026 ran from about RM550,000 for a 618 sq ft suite to about RM1.12M for the largest three-bedroom, and suites let for about RM2,400 to RM3,100 a month.
It suits a buyer who wants a lock-and-leave suite near Gurney and the hospitals at a lower entry price than the newer towers. Most suites are below the RM1M island minimum for foreign buyers, so only the largest qualify.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Mansion One 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
Georgetown's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Mansion One.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Mansion One is priced within Georgetown
At roughly RM701 psf, Mansion One sits toward the value end of Georgetown's condo band (RM740–1810 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.
Building age
12 years
Completed 2014
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 Mansion One — 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.
Mansion One price 2026
What Mansion One trades at on the sub-sale market, last checked 2026-10-13.
| Asking from | RM550,000 – RM1.12M |
| PSF | RM701 – 1091 |
| Built-up | 568 – 1,406 sqft |
| Completed | 2014 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 listings about RM550,000–650,000 for 618 sq ft suites, about RM800,000–910,000 for 770–955 sq ft two-bedrooms and about RM1.12M for a 1,406 sq ft three-bedroom. Launched at about RM435,000–1.25M (StarProperty). Unit count not stated: sources conflict.
The building is 12 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 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.
Mansion One for sale & for rent
Asking rents at Mansion One ran from about RM2,400–3,100 a month in October 2026, for one- to three-bedroom suites. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Mansion One key facts
- Developer
- Magna Putih Sdn Bhd
- Area
- Georgetown, Penang
- Type
- serviced apartment
- Tenure
- freehold
- Completed
- 2014
- Asking PSF
- RM701–1091
- Price from
- RM 550K
Georgetown — area snapshot
Full area guide →Georgetown is the UNESCO World Heritage City and Penang's urban core. Heritage shophouses and modern serviced suites coexist; buyer profiles range from heritage lovers to city professionals.
Price range
RM 436K – RM 2.2M
asking prices in area
Active projects
4
selling or under construction
Subsale condos
4
completed projects
Total tracked
9
properties in this area
Other projects in Georgetown
All 8 others we track here, cheapest first — 4 of them still selling.
- Scott @ LoganRM436K
- Tropicana 218 MacalisterRM580K
- 22 MacalisterzRM580K
- G'VintonRM596K
- Noordinz SuitesRM627K
- Beacon Executive SuitesRM700K
- Lumina ResidenceRM1.03M
- Shorefront ResidencesRM2.18M
Mansion One subsale — common questions
What is the price of Mansion One?
2026 listings about RM550,000–650,000 for 618 sq ft suites, about RM800,000–910,000 for 770–955 sq ft two-bedrooms and about RM1.12M for a 1,406 sq ft three-bedroom. Launched at about RM435,000–1.25M (StarProperty). Unit count not stated: sources conflict.
Is Mansion One freehold or leasehold?
Mansion One 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 Mansion One?
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 Mansion One?
Asking rents ran from RM2,400 to RM3,100 a month in October 2026, for one- to three-bedroom suites. 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 Mansion One completed?
Mansion One was completed in 2014 by Magna Putih Sdn Bhd, so homes here are bought from existing owners.
How big are the homes at Mansion One?
Homes range from about 568 to 1,406 sq ft.
More on the neighbourhood:
Georgetown 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.