Tanjung Tokong · Subsale Market
The Tamarind 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 Tamarind is a completed freehold condominium in Tanjung Tokong, Penang, completed in 2019 by E&O Property Development. It has 1104 units. Subsale asking prices currently run about RM745–1098 per sq ft, with the typical unit asking around RM 894K (from roughly RM 780K).
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 | 1,047–1,372 | RM780,000 | RM745 |
Zac’s Take
Zac Ong
The Tamarind is E&O's freehold project in Tanjung Tokong, completed in 2019, and its size cuts both ways. With 1,104 homes, it's one of the biggest buildings on this stretch of coast.
The homes are fairly uniform, about 1,047 to 1,372 sq ft, with 2026 listings of roughly RM780,000 to RM1.3M and rents of about RM2,200 to RM3,100 a month. That makes it easy to compare prices and easy to sell.
The catch is the crowd: busier lifts and shared spaces, and many similar units listed at once when the market slows. If you value an easy resale more than exclusivity, it's a sensible choice.
Reviews and comparisons
- The Tamarind Review 2026 — E&O's 1,104-Unit Freehold Serviced Apartment at Straits Quay
- 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
- Straits Quay Suites @ Waterside Review 2026 — Boutique Marina-Front E&O Serviced Apartment
- Best Condos in Tanjung Tokong Penang 2026 — Every Branded, Freehold & Foreign-Eligible Address, Ranked
- George Town vs Tanjung Tokong 2026 — Heritage Streets or Seafront Living?
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a The Tamarind 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 Tamarind.
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 Tamarind is priced within Tanjung Tokong
At roughly RM745 psf, The Tamarind 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
+26%
Area median RM589 psf (all residential)
Building age
7 years
Completed 2019
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.
Before you sign at The Tamarind — the commercial-title checks
- 1.Utility tariff in practice — Commercial title usually means commercial TNB and water rates. Ask current owners what they actually pay monthly, not what the brochure implies.
- 2.Financing margin — Some banks cap loan-to-value lower on commercial-title residential units. Get an in-principle approval before you pay a booking fee.
- 3.Short-stay house rules — Serviced-apartment does not automatically mean Airbnb is allowed. Read the current house rules — management can and does restrict short-stay letting.
- 4.Resale buyer pool — Commercial title narrows who can buy from you later. Make sure the entry price reflects that, not just the location.
- 5.Maintenance rate per sq ft — Compare the psf maintenance charge against nearby residential-title blocks. On big units the annual gap is meaningful.
The Tamarind price 2026
What The Tamarind trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM780,000 – RM1.3M |
| PSF | RM745 – 1098 |
| Built-up | 1,047 – 1,372 sqft |
| Completed | 2019 |
| Units | 1,104 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 7 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 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.
The Tamarind for sale & for rent
Asking rents at The Tamarind ran from about RM2,200–3,100 a month in September–October 2026, for 1,047 sq ft three-bedroom homes, with some furnished units listed higher. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
The Tamarind key facts
- Developer
- E&O Property Development
- Area
- Tanjung Tokong, Penang
- Type
- serviced apartment
- Tenure
- freehold
- Completed
- 2019
- Total units
- 1104
- Asking PSF
- RM745–1098
- Price from
- RM 780K
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
- 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 Tamarind subsale — common questions
What is the price of The Tamarind?
The Tamarind runs RM780,000 to RM1,300,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM745–1,098 per square foot. Checked 2026-10-12.
Is The Tamarind freehold or leasehold?
The Tamarind 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 Tamarind?
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 The Tamarind?
Asking rents ran from RM2,200 to RM3,100 a month in September–October 2026, for 1,047 sq ft three-bedroom homes, with some furnished units listed higher. 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 Tamarind completed?
The Tamarind was completed in 2019 by E&O Property Development, so homes here are bought from existing owners.
How big are the homes at The Tamarind?
Homes range from about 1,047 to 1,372 sq ft. There are 1,104 homes in total. With that many, expect plenty of similar units on the market when you come to sell.
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.