Tanjung Tokong Condos Compared

Tanjung Tokong: Penang's Fastest-Growing Premium Address

Tanjung Tokong has undergone a remarkable transformation over the past fifteen years. Once a quiet fishing village on Penang's northeast coast, it is now home to some of the island's most prestigious residential developments, anchored by E&O Berhad's visionary Andaman Island masterplan. The Straits Quay waterfront retail marina, excellent expressway connectivity, and proximity to international schools have cemented Tanjung Tokong's status as Penang's next-generation premium address.

For tanjung tokong condo buyers, the area offers an unusual depth of choice: from the entry-level maritime serviced suites to the ultra-premium TheLume, with compelling options at every price point. This guide compares the four leading condominium developments in Tanjung Tokong to help you find the right fit for your budget, lifestyle, and investment goals.

Also see our broader comparisons: Best Luxury Condos in Penang 2026 | Andaman Island vs Batu Ferringhi

TheLume at Andaman: Tanjung Tokong's Crown Jewel (2026)

TheLume at Andaman is the newest and most premium condominium in Tanjung Tokong, developed by E&O Berhad on the eastern shore of Andaman Island. At 49 storeys, it is the tallest residential tower in the area, designed to maximise sunrise views over the Straits of Malacca from every unit.

What Makes TheLume Stand Out

• Freehold ownership: Perpetual title on Andaman Island, one of the few remaining freehold waterfront locations in Penang.
• Only 261 units: Among the lowest density of any luxury condo in Tanjung Tokong, ensuring privacy, exclusivity, and minimal queuing at shared facilities.
• 49th-floor sky deck: Infinity pool, sky lounge, and fitness centre at the building's apex — a dramatic amenity that no other Tanjung Tokong development offers.
• Smart-home integration: Full app-controlled automation for lighting, climate, security, and entertainment. Motorised blinds, integrated speakers, and pre-wired automation points come standard.
• EV-ready: Dedicated electric vehicle charging bays in the car park, future-proofing the development for Malaysia's EV transition.
• E&O developer quality: Over 100 years of heritage, award-winning Andaman masterplan, and zero-delay delivery track record for Penang projects.

Pricing: RM 2.2M – RM 3.9M | RM 1,100 – 1,400 PSF | 1,600 – 3,200 sq ft | Completion 2028

Detailed comparison: TheLume vs The Marin →

Quayside Condos: Andaman's Pioneer Community

Quayside Condos is the original residential component of E&O's Andaman Island masterplan, developed across multiple phases from 2010 to 2018. Comprising approximately 990 units across several mid-rise blocks (18–24 storeys), Quayside established the waterfront lifestyle that The Marin and TheLume have since elevated.

As the most mature development on Andaman Island, Quayside offers a well-established community with proven maintenance standards and a track record of value appreciation. Early buyers have seen 40–60% appreciation since launch, demonstrating the power of the Andaman Island brand. Units range from 1,000 to 2,400 sq ft with freehold tenure.

Quayside's lower price point (RM 650–950 PSF) makes it the most accessible entry to Andaman Island living. However, the older design, lack of smart-home features, and mid-rise building height mean it does not compete directly with TheLume or The Marin on specifications. It remains an excellent option for buyers who prioritise value and established community over cutting-edge amenities.

Pricing: RM 900K – RM 2.2M | RM 650 – 950 PSF | 1,000 – 2,400 sq ft | Completed 2010–2018

Price PSF Trends: Where Is Tanjung Tokong Heading?

Tanjung Tokong's price per square foot trajectory tells a compelling growth story. Here is how the four developments have performed:

• Quayside Condos (2010–2026): Launched at approximately RM 400–550 PSF. Now trading at RM 650–950 PSF. That represents 50–70% appreciation over 10–16 years, or approximately 4–5% compound annual growth. Quayside's appreciation demonstrates the long-term value of freehold property on Andaman Island.
• Maritime Suites (2016–2026): Launched at approximately RM 450–600 PSF. Now trading at RM 550–800 PSF. Appreciation of 20–35% over 10 years reflects the leasehold discount and slower capital growth typical of serviced apartments.
• The Marin (2020–2026): Launched at approximately RM 800–1,050 PSF. Now at RM 950–1,250 PSF. Approximately 18–20% appreciation in three years since completion, accelerating as Andaman Island's profile grows.
• TheLume (2025 launch): Current launch pricing at RM 1,100–1,400 PSF. Based on E&O's track record, expected to appreciate 15–25% from launch to completion in 2028, with steady-state growth of 5–8% annually thereafter.

The trend is clear: Tanjung Tokong property values have risen consistently across all segments, with freehold Andaman Island developments significantly outperforming leasehold mainland alternatives. Each new E&O launch has established a higher PSF benchmark, and the market has validated these prices through absorption and appreciation. For investors, the data supports entering at the newest launch pricing (TheLume) to capture the full appreciation cycle.