Tanjung Tokong · Subsale Market
The Meg 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.
The Meg is a completed freehold condominium in Tanjung Tokong, Penang, completed in 2026 by Persada Mentari Sdn. Bhd. (Eastern & Oriental Berhad). It has 1020 units. Subsale asking prices currently run about RM1036–1146 per sq ft (from roughly RM 600K). 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 | 567–897 | RM600,000 | RM1,036 |
Zac’s Take
Zac Ong
The Meg is E&O's sea-fronting high-rise on Andaman Island — sister product to Maris, but vertical rather than mid-rise, and positioned as the more aspirational view-led play within STP2. Verdict: worth visiting if you want a high-floor sea-fronting unit with E&O finishing on a long-cycle capital story. Not the right buy for someone who wants liquidity in 3-5 years. Same car-dependent address profile. Developer track record: E&O Berhad — Penang's most consistent luxury delivery name (Quayside, Andaman, Ariza, 18 East). The build-quality assumption is fair; what's less proven is how quickly STP2's tower density absorbs without softening upper-floor PSF. Unit configuration sweet spot: the higher-floor sea-fronting 3-bedroom is the unit that defines this project — anything pool-deck-facing or low-floor sea-blocked is a hard pass at this PSF. View must be confirmed in person, not on artist's impression. Target buyer: HK/SG investor seeking STP2 trophy exposure with long hold horizon; MM2H buyer wanting a sea-fronting Andaman address; Penang upgrader trading out of Gurney high-rise stock. Not for: yield investor (PSF doesn't support strong gross); own-stay family who'd be happier in landed STP. Genuine concern: 'sea-fronting' on a master-plan with multiple towers means future towers can block your view. Mitigation: ask the agent for the STP2 tower-massing plan and confirm in writing which future plots could obstruct your line of sight before you commit.
Reviews and comparisons
- The Meg by E&O Review 2026 — Freehold, but the Title Is Commercial
- The Tamarind Review 2026 — E&O's 1,104-Unit Freehold Serviced Apartment at Straits Quay
- Arica @ Andaman Island Review 2026 — Sold Out, So Here's What Resale Buyers Actually Pay
- Seri Tanjung Pinang Penang property guide 2026 — STP1 vs Andaman Island (STP2) buyer's playbook
- The 8 Penang Areas Actually Appreciating in 2026 — and the 5 Stagnating
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a The Meg 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 The Meg.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How The Meg is priced within Tanjung Tokong
At roughly RM1036 psf, The Meg sits mid-band for Tanjung Tokong (RM550–1500 psf). This is the range where unit-specific factors — floor, view, renovation, facing — matter more than the address itself when you negotiate.
vs NAPIC median
+76%
Area median RM589 psf (all residential)
Building age
0 years
Completed 2026
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 The Meg 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.
The Meg price 2026
What The Meg trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM600,000 – RM780,000 |
| PSF | RM1036 – 1146 |
| Built-up | 567 – 897 sqft |
| Completed | 2026 |
| Units | 1,020 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. August 2026 sub-sale asks about RM600,000–780,000 for homes of about 567–897 sq ft (roughly RM1,036–1,146 per sq ft).
Handed over this year. There is no resale track record yet, so any asking price here is a seller's hope rather than a market rate. The defects liability period is still running — get the developer's defect list and check what has been rectified before you take over the liability.
Every unit here sits below the RM1M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
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.
The Meg for sale & for rent
Asking rents at The Meg ran from about RM2,000–4,000 a month in September–October 2026, for most units. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
The Meg key facts
- Developer
- Persada Mentari Sdn. Bhd. (Eastern & Oriental Berhad)
- Area
- Tanjung Tokong, Penang
- Type
- serviced apartment
- Tenure
- freehold · commercial hda
- Completed
- 2026
- Total units
- 1020
- Asking PSF
- RM1036–1146
- Price from
- RM 600K
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
- 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
- MartiniqueRM6.7M
- AbrezzaRM6.7M
The Meg subsale — common questions
What is the price of The Meg?
August 2026 sub-sale asks about RM600,000–780,000 for homes of about 567–897 sq ft (roughly RM1,036–1,146 per sq ft).
Is The Meg freehold or leasehold?
The Meg is freehold, on a commercial title, sold under the Housing Development Act. 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 The Meg?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and The Meg is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at The Meg?
Asking rents ran from RM2,000 to RM4,000 a month in September–October 2026, for most units. 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 The Meg completed?
The Meg was completed in 2026 by Persada Mentari Sdn. Bhd. (Eastern & Oriental Berhad), so homes here are bought from existing owners.
How big are the homes at The Meg?
Homes range from about 567 to 897 sq ft. There are 1,020 homes in total. With that many, expect plenty of similar units on the market when you come to sell.
Who is the developer of The Meg Penang?
Eastern & Oriental Berhad (E&O), the heritage Penang luxury developer behind the Seri Tanjung Pinang master-plan including Quayside, Andaman, Ariza and Maris.
What is the difference between The Meg and Maris by E&O?
Both are E&O on Andaman Island. Maris is the mid-rise residential condo. The Meg is the vertical sea-fronting high-rise — more view-led, more aspirational positioning, with higher view-floor premium spread.
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.