Tanjung Tokong · Subsale Market
The Penthouse 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 Penthouse is a completed freehold condominium in Tanjung Tokong, Penang, completed in 2017 by Method 123 Sdn. Bhd. (Tamarins Group). It has 22 units. Subsale asking prices currently run about RM692–799 per sq ft (from roughly RM 3M).
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a The Penthouse 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 Penthouse.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
5 things to check before signing the The Penthouse SPA
- 1.Sinking fund health — confirm the current balance and whether any special assessment is pending in the next 12 months.
- 2.Last 3 maintenance billings — verify payment is up to date and there are no outstanding dues from the seller.
- 3.JMC minutes (last 12 months) — look for recurring complaints, structural concerns, or planned major works.
- 4.Common-area condition — physically walk the pool deck, lifts, lobbies, gym, and parking ramps. Photo anything concerning for negotiation leverage.
- 5.Internal pipes + electrical — for buildings 10+ years old, ask for a recent plumbing inspection report. Pipe replacement is a five-figure capex you don't want to discover post-VP.
The Penthouse key facts
- Developer
- Method 123 Sdn. Bhd. (Tamarins Group)
- Area
- Tanjung Tokong, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2017
- Total units
- 22
- Asking PSF
- RM692–799
- Price from
- RM 3M
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on The Penthouse:
View full The Penthouse 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 300K – RM 6.7M
asking prices in area
Active projects
2
selling or under construction
Subsale condos
24
completed projects
Total tracked
28
properties in this area
The Penthouse subsale — common questions
Is The Penthouse one unit per floor?
Yes — a 29-storey tower with just 22 units, roughly one full-floor residence per level, developed by Tamarins Group, completed in 2017. Freehold.
How big are the units?
Standard floors are around 5,000 sqft, with penthouses near 9,000 sqft — which is why the PSF looks modest against the total price.
What are prices at The Penthouse?
Entry is from about RM3M, at roughly RM692–799 psf. With only 22 units, availability is rare — WhatsApp Zac for current listings.
Where is The Penthouse located?
In Tanjung Tokong, one of northern Penang Island’s most established premium residential pockets. Freehold.
Can foreigners buy at The Penthouse?
Yes. At these prices, units clear Penang Island's RM1,000,000 minimum for foreign buyers of strata property. State consent (typically 2–4 months) applies, and MM2H holders follow the same property rules. Zac can confirm eligibility for your situation.
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.