Tanjung Tokong · Subsale Market
The Meg Subsale — Tanjung Tokong, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your 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 September 2026 — Subsale asking prices basis. Last checked 2026-08-11.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 567–897 | RM600,000 | RM1,036 |
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 3 months of SPA. No 36-month construction wait.
Verified surroundings
Tanjung Tokong's noise levels, traffic, neighbour mix, and JMC quality are known quantities at The Meg.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How The Meg is priced within Tanjung Tokong
At roughly RM1036 psf, The Meg prices toward the upper end of Tanjung Tokong's condo band (RM648–1134 psf). Expect to justify that with something concrete: sea view, low density, branded management, or a genuinely superior position within the area.
vs NAPIC median
+76%
Area median RM589 psf (all residential)
Area gross yield
~4.2%
Typical for Tanjung Tokong condos
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 2026-08-11.
| 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.
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
Looking to buy or rent a unit in The Meg? Asking prices and rents move with the market and with the specific unit — 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.
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
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on The Meg:
View full The Meg profile →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 370K – RM 7.5M
asking prices in area
Active projects
3
selling or under construction
Subsale condos
23
completed projects
Total tracked
27
properties in this area
Other projects in Tanjung Tokong
All 26 others we track here, cheapest first — 3 of them still selling.
- Skyridge GardenRM370K
- The LandmarkRM550K
- Straits Quay Suites @ WatersideRM638K
- Eight & EightRM691K
- City of DreamsRM700K
- City ResidenceRM700K
- Crown PenangRM704K
- Jazz ResidenceRM750K
- The TamarindRM780K
- Marinox Sky VillasRM800K
- Arica @ Andaman IslandRM800K
- 18 East at AndamanRM1.1M
- Fettes ResidenceRM1.14M
- Vantage Desiran TanjungRM1.18M
- Andaman @ QuaysideRM1.28M
- Ariza Seafront TerracesRM2.7M
- Avalon @ Seri Tanjung PinangRM3.3M
- The PenthouseRM3.46M
- Acacia @ Seri Tanjung PinangRM3.7M
- AmarisRM4M
- Andorra Skyloft TerracesRM4M
- SkyeRM4M
- CaspianRM4.6M
- Cayman Super Semi-DRM6.1M
- MartiniqueRM6.7M
- AbrezzaRM7.5M
The Meg subsale — common questions
What is the price of The Meg?
The Meg runs RM600,000 to RM780,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM1,036–1,146 per square foot. Checked 2026-08-11.
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?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so The Meg is open to Malaysian and PR buyers only.
When was The Meg completed?
The Meg completed in 2026, developed by Persada Mentari Sdn. Bhd. (Eastern & Oriental Berhad). Units here trade sub-sale.
How big are the units at The Meg?
Built-ups run 567 to 897 sq ft. There are 1,020 units in total. At that density, expect to compete with a lot of near-identical units when you 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.