Tanjung Tokong · Subsale Market
The Penthouse 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 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 RM692–876 per sq ft, with the typical unit asking around RM 3.50M (from roughly RM 3.46M).
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 | 5,000–5,050 | RM3.46M | RM692 |
Zac’s Take
Zac Ong
The Penthouse is Tamarins Group's ultra-low-density tower in Tanjung Tokong — a 29-storey building with just 22 units, one per floor, freehold, completed in 2017. When someone wants a full-floor residence with total privacy, this is the reference point.
Units are large (standard floors around 5,000 sqft, penthouses near 9,000), which is why the psf looks modest (about RM692–876) against a RM3.46M entry — you're buying serious floor area. It's an own-a-floor lifestyle asset in an established premium pocket.
My take: this is a trophy own-stay for a specific buyer — one who values a private full-floor home over amenities or liquidity. At 22 units, resale is thin by design. If that's the brief, it's rare stock. Ask me what's currently available.
Reviews and comparisons
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 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 Penthouse.
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 Penthouse is priced within Tanjung Tokong
At roughly RM692 psf, The Penthouse 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
+17%
Area median RM589 psf (all residential)
Building age
9 years
Completed 2017
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 Penthouse 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 Penthouse price 2026
What The Penthouse trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM3.46M – RM4.38M |
| PSF | RM692 – 876 |
| Built-up | 5,000 – 5,050 sqft |
| Completed | 2017 |
| Units | 22 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 9 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here — the RM1M 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.
The Penthouse for sale & for rent
Looking to buy or rent a unit in The Penthouse? 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 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
- RM692–876
- Price from
- RM 3.46M
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
- Andorra Skyloft TerracesRM3.88M
- AmarisRM3.99M
- CaspianRM4.6M
- SkyeRM6.38M
- Cayman Super Semi-DRM6.5M
- MartiniqueRM6.7M
- AbrezzaRM6.7M
The Penthouse subsale — common questions
What is the price of The Penthouse?
The Penthouse runs RM3,460,000 to RM4,380,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM692–876 per square foot. Checked 2026-10-12.
Is The Penthouse freehold or leasehold?
The Penthouse is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at The Penthouse?
Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
When was The Penthouse completed?
The Penthouse was completed in 2017 by Method 123 Sdn. Bhd. (Tamarins Group), so homes here are bought from existing owners.
How big are the homes at The Penthouse?
Homes range from about 5,000 to 5,050 sq ft. There are 22 homes in total.
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.
Where is The Penthouse located?
In Tanjung Tokong, one of northern Penang Island’s most established premium residential pockets. Freehold.
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.