Tanjung Tokong · Subsale Market
Straits Quay Suites @ Waterside 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.
Straits Quay Suites @ Waterside is a completed freehold condominium in Tanjung Tokong, Penang, completed in 2010 by E&O Property Development. Subsale asking prices start from roughly RM 730K. 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 | 853–1,800 | RM730,000 | ~RM856 |
Zac’s Take
Zac Ong
The Suites at Waterside is E&O's serviced-apartment tower sitting right on the Straits Quay marina — freehold, completed 2010. It's the address for a buyer who wants to live (or let) directly above the marina retail, dining and yacht berths.
My take: this is a lifestyle-and-yield play. 2026 listings ran from about RM730,000 for studios to about RM1.9M for the larger marina-facing units. It's on commercial title — factor commercial utility rates and financing nuances in. For rental, the marina location does the heavy lifting. Ask me which units face the water.
Reviews and comparisons
- Straits Quay Suites @ Waterside Review 2026 — Boutique Marina-Front E&O Serviced Apartment
- Andaman @ Quayside Review 2026 — Inside E&O's Seri Tanjung Pinang Flagship
- City of Dreams Review 2026 — Ewein Zenith's Freehold Twin Tower at Seri Tanjung Pinang
- The Tamarind Review 2026 — E&O's 1,104-Unit Freehold Serviced Apartment at Straits Quay
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Straits Quay Suites @ Waterside 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 Straits Quay Suites @ Waterside.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Straits Quay Suites @ Waterside is priced within Tanjung Tokong
At roughly RM856 psf, Straits Quay Suites @ Waterside 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
+45%
Area median RM589 psf (all residential)
Building age
16 years
Completed 2010
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.
The Straits Quay Suites @ Waterside pre-purchase checklist
- 1.Remaining lease (if leasehold) — Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
Straits Quay Suites @ Waterside price 2026
What Straits Quay Suites @ Waterside trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM730,000 – RM1.9M |
| Built-up | 853 – 1,800 sqft |
| Completed | 2010 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 16 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.
Straits Quay Suites @ Waterside for sale & for rent
Asking rents at Straits Quay Suites @ Waterside ran from about RM2,500–5,500 a month in September–October 2026, for most suites. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Straits Quay Suites @ Waterside key facts
- Developer
- E&O Property Development
- Area
- Tanjung Tokong, Penang
- Type
- serviced apartment
- Tenure
- freehold · commercial
- Completed
- 2010
- Price from
- RM 730K
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
- 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
Straits Quay Suites @ Waterside subsale — common questions
What is the price of Straits Quay Suites @ Waterside?
Straits Quay Suites @ Waterside runs RM730,000 to RM1,900,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. Checked 2026-10-12.
Is Straits Quay Suites @ Waterside freehold or leasehold?
Straits Quay Suites @ Waterside 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 Straits Quay Suites @ Waterside?
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 Straits Quay Suites @ Waterside?
Asking rents ran from RM2,500 to RM5,500 a month in September–October 2026, for most 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 Straits Quay Suites @ Waterside completed?
Straits Quay Suites @ Waterside was completed in 2010 by E&O Property Development, so homes here are bought from existing owners.
How big are the homes at Straits Quay Suites @ Waterside?
Homes range from about 853 to 1,800 sq ft.
What does commercial title mean here?
Utilities may be billed at commercial rates and financing terms can differ from residential; it also suits short-stay/serviced letting. Ask Zac for the practical implications.
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.