New Property Launches in Tanjung Tokong
Tanjung Tokong new project listings — 1 development · 614–1,851 sq.ft · completing 2029. Browse every new launch in Tanjung Tokong below.
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About Tanjung Tokong
Tanjung Tokong sits on the north-east shoulder of Penang island, between Gurney Drive and Batu Ferringhi, and takes in the reclaimed waterfront district of Seri Tanjung Pinang.
Read more about Tanjung Tokong
This is one of the island's most established addresses and one of the few where new high-rise land is still coming forward. Straits Quay and its marina mall anchor the waterfront, with Lotus's Tanjung Pinang, Island 88 Mall and City Junction covering daily retail, and Gurney Plaza and Gurney Paragon about two kilometres south. Main access is the Penang Outer Ring Road, which connects to the Penang Bridge and the North-South Highway without going through the George Town street grid. The international school cluster is unusually dense here, with Stonyhurst, Dalat, Pelita and Prince of Wales Island all within three kilometres, and healthcare runs from Mount Miriam Cancer Hospital and Penang Adventist through to Gleneagles and Island Hospital. New launches lean toward serviced apartments on commercial title with sea or hill orientation, though the land itself is generally freehold.
Penang IslandWaterfront AddressFreehold Land
Tanjung Tokong New Project FAQ
Where is Tanjung Tokong in Penang?
Tanjung Tokong is on Penang island, in the Timur Laut (north-east) district, between Gurney Drive and Tanjung Bungah. Seri Tanjung Pinang is the reclaimed waterfront precinct within it.
How do you get around from Tanjung Tokong?
The Penang Outer Ring Road is the main artery, connecting south to George Town and on to the Penang Bridge and the North-South Highway. Batu Ferringhi is about seven kilometres north along the coast road.
Why are buyers looking at Tanjung Tokong?
Walkability and a waterfront setting on freehold land. Straits Quay, the promenade, malls, international schools and four private hospitals are all within a few kilometres, which is rare for a new-launch address on the island.
What kind of new property is launching in Tanjung Tokong?
Mostly high-rise. New supply here is largely serviced apartments on commercial title under the Housing Development Act, ranging from studios to three-bedroom layouts, with sky facilities and sea or hill orientation as the main differentiators.
What amenities are near Tanjung Tokong?
Straits Quay Marina Mall, Lotus's Tanjung Pinang, Island 88 Mall, City Junction, Gurney Plaza and Gurney Paragon cover retail. Schools include Stonyhurst International, Dalat International, Pelita International, Prince of Wales Island International, Phor Tay Private High School and Penang Chinese Girls' High School. Healthcare includes Mount Miriam Cancer Hospital, Penang Adventist Hospital, Gleneagles Hospital Penang and Island Hospital.
Frequently Asked Questions about New Launch Properties in Tanjung Tokong
How much down payment do I need for a new launch in Tanjung Tokong?
Home loans in Malaysia typically cover up to 90% of the property price, so buyers usually prepare around 10% plus transaction costs. Some new launches come with lower upfront packages — check each project page or enquire via WhatsApp.
What extra fees should I budget when buying a new launch?
Besides the purchase price, budget for stamp duty on the Sale and Purchase Agreement and the loan agreement (loan stamp duty is about 0.5% of the loan amount), legal fees, and loan processing or disbursement costs.
What is a booking fee or earnest deposit?
A booking fee (earnest deposit) is a small percentage of the price paid to reserve a unit before signing the Sale and Purchase Agreement (SPA).
How does payment work for an under-construction project?
Under-construction homes follow a progressive payment schedule tied to construction milestones set out in the SPA, so you do not pay the full amount upfront.
What is the difference between freehold and leasehold?
Freehold has no fixed ownership period, while leasehold is held for a set term (commonly 99 years). Each project page shows its exact tenure and land title.
When will a new launch project be completed?
Each listing shows the project expected completion or vacant possession (VP) date. New launch homes are usually handed over a few years after launch.
Can foreigners buy property in Tanjung Tokong?
Foreigners can buy above a state minimum price threshold, and many projects in Tanjung Tokong are foreigner-friendly. Confirm eligibility on each project page or via WhatsApp.
Around Tanjung Tokong
Schools & campuses — SK Tanjung Tokong · Chung Ling High School (George Town) · Dalat International School (Tanjung Bungah)
Healthcare — Island Hospital · Gleneagles Hospital Penang · Loh Guan Lye Specialist Centre
Everyday & shopping — Straits Quay · Island Plaza · Gurney Plaza and Gurney Paragon
Getting around — Penang Outer Ring Road · Jalan Seri Tanjung Pinang · Penang Bridge to the mainland