Tanjung Tokong · Subsale Market
Martinique 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.
Martinique is a completed freehold landed development in Tanjung Tokong, Penang, completed in 2013 by E&O Property (Penang) Sdn. Bhd.. It has 12 units. Subsale asking prices start from roughly RM 6.70M.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-11.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 9,043 | RM6.7M | ~RM741 |
Zac’s Take
Zac Ong
Martinique is the largest of E&O's three Villas By-The-Sea designs in Seri Tanjung Pinang, and there are only 12 of them. Each is a two-storey seafronting villa in a Caribbean style, with an internal courtyard and a private pool, from about 9,043 sq ft built-up on 11,275 to 11,860 sq ft of land, with five bedrooms plus a staff room.
Asking prices in 2026 run from about RM6.7M to RM7.5M, the same bracket as Abrezza and Skye, even though Martinique is far bigger on both land and built-up. That makes it the strongest value of the three on space.
It suits a family that wants a true large-plot seafront home, mostly on two levels, with privacy around a courtyard. With only 12 villas, one comes up rarely, and an older build means you should budget for renovation. Ordinary foreign buyers need RM3M for landed homes on the island, which every Martinique clears.
Reviews and comparisons
- Martinique Review 2026 — The 12 Largest Seafront Villas at Seri Tanjung Pinang
- Abrezza vs Martinique 2026 — Same Price, Very Different Seafront Villas at Seri Tanjung Pinang
- Cayman vs Caspian 2026 — E&O's Super Semi-D or Semi-D at Seri Tanjung Pinang?
- Abrezza Review 2026 — E&O's Seafront Villas by the Sea at Seri Tanjung Pinang
- Seri Tanjung Pinang Landed Villas 2026 — All 8 E&O Freehold Homes, Ranked and Priced
- Cayman Super Semi-D Review 2026 — E&O's Private-Lift Villa at Seri Tanjung Pinang
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Martinique 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 Martinique.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
Due diligence before buying at Martinique
- 1.Individual title status — Confirm whether individual title has issued and is in the seller's name. Master-title landed transactions carry extra steps and time.
- 2.Approved extensions — Most landed resales have some extension. Ask for the approved plan — unapproved structures can be an issue at your own resale or refinancing.
- 3.Drainage and ground level — Walk the perimeter and ask neighbours directly about flooding history. Penang's heavy-rain events are the honest test, not a dry-day viewing.
- 4.Gated scheme fees and rules — For gated-and-guarded schemes, confirm the monthly fee, what it covers, and the collection rate. Poor collection means declining security cover.
- 5.Roof, structure and termites — Commission an inspection for anything over fifteen years old. Roof and termite remediation are the two costs that most often blow a landed budget.
Martinique price 2026
What Martinique trades at on the sub-sale market, last checked 2026-10-11.
| Asking from | RM6.7M – RM7.5M |
| Built-up | 9,043 sqft |
| Completed | 2013 |
| Units | 12 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. Asking prices in September 2026 about RM6.7M–7.5M. E&O lists Martinique as a 2-storey seafronting villa with internal courtyard and pool, built-up from 9,043 sq ft on 11,275–11,860 sq ft of land; 12 villas.
The building is 13 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 RM3M 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.
Martinique for sale & for rent
Looking to buy or rent a home in Martinique? Asking prices and rents move with the market and with the specific home — floor, facing, condition — so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
Martinique key facts
- Developer
- E&O Property (Penang) Sdn. Bhd.
- Area
- Tanjung Tokong, Penang
- Type
- landed
- Tenure
- freehold · residential
- Completed
- 2013
- Total units
- 12
- Price from
- RM 6.70M
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
- 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
- AbrezzaRM6.7M
Martinique subsale — common questions
What is the price of Martinique?
Asking prices in September 2026 about RM6.7M–7.5M. E&O lists Martinique as a 2-storey seafronting villa with internal courtyard and pool, built-up from 9,043 sq ft on 11,275–11,860 sq ft of land; 12 villas.
Is Martinique freehold or leasehold?
Martinique is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Martinique?
Yes. Penang Island sets a RM3,000,000 minimum for foreign buyers of landed property. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
When was Martinique completed?
Martinique was completed in 2013 by E&O Property (Penang) Sdn. Bhd., so homes here are bought from existing owners.
How big are the homes at Martinique?
Homes range from about 9,043 sq ft. There are 12 homes in total.
How does Martinique compare to smaller STP villas like Skye or Caspian?
Martinique is much larger: about 9,043 sq ft built-up over two storeys on 11,275 to 11,860 sq ft of land, against Skye's three-storey villas of about 5,193 to 5,283 sq ft and Caspian's semi-Ds of about 5,000 sq ft. Yet it asks a similar RM6.7M to RM7.5M to Skye (from about RM6.38M), while Caspian is lower at about RM4.6M.
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.