Tanjong Tokong, Penang

A New Freehold Condo in Tanjung Tokong

Overview

- This is one of the newer projects in Tanjung Tokong, and freehold is a rare feature in this area.
- Many nearby condos are older, and some are leasehold. Selected Block A units have sea views, which are not easy to find in the middle of the city.
- The sales package is also attractive: for a 90% loan buyer, the developer absorbs the legal fees and stamp duty, including MOT, and the buyer pays RM5,000 upfront (subject to bank approval).

Project Details

This is a new freehold high-rise condominium in the established neighbourhood of Tanjung Tokong. Freehold land is hard to find in this area. The tenure is under final update with KPKT.

There are 2 blocks of 48 storeys, with 600 units in total (300 per block). Three layouts are offered: 885 sf, 1,020 sf and 1,140 sf. Floor-to-floor height is 11ft. Block A has sea-view units, and Block B has hill-view units.

Location

Tanjung Tokong has island shopping malls, Lotus's supermarkets, banks and many local restaurants nearby IE walking distance to Desiran Tajung Food Court. 10 mins drives to Georgetown and 15 mins access the Penang Bridge.

Property details

Location: Tanjung Tokong, Penang
Tenure: Freehold (final update with KPKT in process)
Expected completion: Q3/Q4 2029 (target, subject to developer)
Blocks and storeys: 2 blocks, 48 storeys
Total units: 600 (300 per block)
Layouts: 885 sf, 1,020 sf, 1,140 sf
Car parks: 1,200 resident, 66 visitor (25 with EV charging)
Lifts: 4 lifts + 1 service lift
Security: 3 tiers (main security, lift lobby, own unit floor)
Maintenance fee: about RM0.33 psf, including sinking fund
Facilities: [add from the developer’s brochure]

About the developer

- The government set up the developer’s origin, the Urban Development Authority, on 12 November 1971.
- Its job was to push forward planned city development, including business, industry and housing.
- It became a company in 1996, a public limited company in 1999, and was then listed on the main board of the stock exchange.
- Today it is a government-linked company.
- It builds homes, and it also runs hotels, malls and building management.
- In 2022, the group won awards at the Star Property Awards, including the All-Stars Award.
- That is more than 50 years of experience in Malaysian property.

Arrange appointment with Nicole & visit the showroom and check the layout and unit orientation yourself.
- Nicole OI7673O337