Freehold · fully furnished · Airbnb-ready · completing December 2028
Freehold on the waterfront,fully furnished from RM783k.
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Indicative
Starting prices by layout
- From RM783k
- Type A · Studio · 614 sq ft · 132 unitsThe entry point for a freehold waterfront address on Penang Island. Fully furnished with Signature Kitchen.
- Mid range
- Type B · 1+1 bedroom · 840 sq ft · 330 unitsThe volume layout — one-plus-one bedroom for couples and investors. Fully furnished.
- Upper range
- Type C / D · 2–3 bedrooms · 1,087 – 1,625 sq ft · 71 unitsFamily-sized layouts with two to three bedrooms. Type D is the largest standard plan at 1,625 sq ft.
These are indicative prices from the developer's published material. The figure for a specific unit moves with floor, facing and layout and is released in writing — ask and I will get the current one.
Foreign buyers & MM2H
Foreign buyers — check the threshold first
Penang sets a minimum purchase price for foreign buyers on the island. Some layouts may sit below the current threshold — confirm eligibility before proceeding.
Check which layouts qualify
Penang sets a minimum purchase price for foreign buyers on the island. At this project's entry price, the smaller layouts may sit below it. Ask and I will confirm which types and levels clear the current threshold.
State consent is a normal step
A foreign purchase needs Penang state consent. It is a standard part of the process handled by your solicitor, not an obstacle — build the timeline into your planning.
MM2H is a separate question
Malaysia My Second Home is a residency programme, not a condition of buying. You can own here without it, and holding it does not exempt you from the foreign-buyer rules.
MM2H, as it currently stands
The programme runs in tiers. Each requires a fixed deposit in a Malaysian bank and a property purchase, and the property has to be held for as long as you hold the visa.
| Tier | Fixed deposit | Minimum property | Visa term |
|---|---|---|---|
| Silver | USD 150,000 | RM600,000 | 5 years |
| Gold | USD 500,000 | RM1 million | 15 years |
| Platinum | USD 1 million | RM2 million | 20 years |
Published terms as at August 2026
There are also age and minimum-stay conditions, and part of the deposit can be released after the first year once the property condition is met. Ask me for the current ministry position rather than working from a summary.
Thresholds, state consent and MM2H terms are set by government and are revised from time to time. Nothing here is legal or immigration advice — confirm the current position with me and with your own solicitor before committing.
Ask about eligibilityThe address
Two freehold acres on the Tanjung Tokong waterfront
A single forty-one-storey tower on Seri Tanjung Pinang. 588 fully furnished residences, from RM783,000, facing the Andaman Sea.
Crown Penang sits on the established waterfront precinct of Seri Tanjung Pinang in Tanjung Tokong, between Straits Quay Marina Mall and The Tamarind. Stonyhurst International School is 400 metres away. Gurney Drive is a five-minute drive north, George Town ten minutes, and the Penang Bridge fifteen. This is the north-shore address, not the south-coast one.
One tower, five layout types from studio to three-bedroom, delivered fully furnished with Signature Kitchen fittings. Eight levels of structured parking sit below the residences. The facilities are on the rooftop — a double-storey sky deck forty storeys above the Straits of Malacca, with infinity pool, sky gymnasium, jacuzzi and co-working space. Freehold serviced residence, completing December 2028, by Stellar Platinum (Chin Hin Group).
Ask for the price list →Freehold serviced residences
How does it compare?
G'Vinton Georgetown and The Tamarind are the two freehold benchmarks — one under construction on Millionaires Row, one completed in the same precinct. The numbers tell you where Crown fits.
G'Vinton Georgetown
Price per sq ft
~RM1,447
Derived from developer-published prices, before rebate
- Status
- Expected September 2028
- Scale
- 508 units · 39 storeys · 1 tower
- Price
- From RM560k
This project
Price per sq ft
RM955 – 997
Published launch pricing
- Status
- Expected December 2028
- Scale
- 588 units · 41 storeys · 1 tower
- Price
- From RM783k
Why here
What this one does differently
Airbnb-ready from day one
Serviced-residence title permits short-term rentals and homestay operations. Every unit is delivered fully furnished with Signature Kitchen fittings — no renovation, no furnishing cost, ready to list on Airbnb or Booking.com the day you collect your keys.
Waterfront freehold, RM783k entry
Freehold serviced residence on Seri Tanjung Pinang — Penang’s established north-shore waterfront between Straits Quay and Gurney Drive. Studios from RM783k put the waterfront address within reach for a first investment property.
Stonyhurst at 400 m — expat rental demand built in
Stonyhurst International School is a five-minute walk. Expatriate families on assignment pay a premium for proximity to international schools, and Tanjung Tokong is where they look first.
Sky deck forty storeys above the Straits
Infinity pool, sky gymnasium, jacuzzi, zen garden and co-working space across a double-storey rooftop — the kind of amenity guests rate and photograph.
The tower
What sits on each level
Eight levels of parking, residences from level 9 to 38, and a double-storey rooftop facilities deck at levels 39 and 40.
Levels
Bands are drawn in proportion to storey count. Parking occupies levels 1 to 8, residences run from level 9 to 38, and the rooftop facilities span levels 39 and 40.
- Floors drawn
- 40
- Residential levels
- 30
Every layout, side by side
Pick the bedroom count first, then the size. All units are delivered fully furnished.
Studio
- A614 sq ftLevels 9 – 38Studio · 132 units
- A Garden667 sq ftLevels 9 – 9Studio + private garden · 48 units
1+1 Bedroom
- B840 sq ftLevels 9 – 381+1 bed · 330 units
- B1 Garden1,076 sq ftLevels 9 – 91+1 bed + private garden · 6 units
2 Bedroom
- C11,087 sq ftLevels 9 – 382 bed · 12 units
- C1,141 sq ftLevels 9 – 382 bed · 47 units
3 Bedroom
- D1,625 sq ftLevels 9 – 383 bed · 12 units
The essentials
Project details
The numbers, in one place.
- DeveloperStellar Platinum Sdn Bhd (Chin Hin Group)
- LocationSeri Tanjung Pinang, Tanjung Tokong · Penang Island
- TenureFreehold, serviced residence · 2 acres
- BedroomsStudio to 3 bedrooms
- Bathrooms1 – 3
- Built-up614 – 1,625 sq ft
- Car parks1 – 3 bays per residence
- CompletionExpected December 2028
Freehold waterfront.
Fully furnished, from RM783k.
Layouts
Studio to three-bedroom plans
Five layout types from 614 to 1,625 sq ft. Studios for investors, one-plus-one bedrooms for couples, two- and three-bedroom plans for families — all fully furnished.
What you can reach
International school at 400 m. Marina mall at 370 m. Gurney Drive five minutes. This is a waterfront address that works on foot.
Schools
- 5 minStonyhurst International School
- 6 minSK Tanjung Tokong
Hospitals
- 40 minGleneagles Hospital Penang
- 31 minPenang Adventist Hospital
Everyday
- 4 minStraits Quay Marina Mall
- 24 minGurney Plaza
Seri Tanjung Pinang
Waterfront, and walkable to everything
Straits Quay 370 m. Stonyhurst International 400 m. Gurney Drive 5 min. George Town 10 min.
Education
- Stonyhurst International School400 m
- SK Tanjung Tokong500 m
- Phor Tay Private High School2 km
- Penang Chinese Girls’ High School2.5 km
- Pelita International School2.5 km
- Dalat International School2.6 km
Healthcare
- Mount Miriam Cancer Hospital1.1 km
- Penang Adventist Hospital2.6 km
- Gleneagles Hospital Penang3.3 km
Everyday
- Straits Quay Marina Mall370 m
- Lotus’s Tanjung Pinang450 m
- Island 88 Mall800 m
- Gurney Plaza2 km
Transport
- George Town~10 min
- Penang Bridge~15 min
- Bayan Lepas FTZ~25 min
- Penang International Airport~30 min
Good to know
Frequently asked questions
The questions buyers ask first — including the ones about serviced-residence title, Airbnb eligibility and what fully furnished actually means.
What is Crown Penang?+
What is the tenure?+
Is this a good investment property?+
What is the price range?+
Can I run Airbnb or short-term rentals?+
The harder questions
Three things worth asking before you commit
The specification tells you what the building is. These decide whether it is right for you — answered including the part that does not help me.
Fully furnished sounds good — is it?
Fully furnished means the unit is move-in ready with kitchen cabinets, appliances and built-in fittings from Signature Kitchen. For investors, that means rental-ready from day one with no fit-out cost. For owner-occupiers, the fixtures are chosen for a mid-market spec — functional and presentable, but if you have specific taste you may end up replacing some of it.
The catch
"Fully furnished" varies by developer. Ask to see the exact specification list and the show unit before assuming. Some items that look built-in may be removable accessories, and the warranty terms differ from bespoke installations.
How does the PSF compare?
Crown launches at RM955–997 psf on a freehold serviced-residence title. G'Vinton Georgetown, the closest comparable freehold serviced apartment, is at ~RM1,447 psf on Millionaires Row. The Tamarind lists at RM700–1,200 psf on freehold but is residential, not serviced. Crown's entry price is roughly a third below G'Vinton's on a per-square-foot basis, with larger units and a waterfront address.
The catch
G'Vinton is on Jalan Sultan Ahmad Shah with integrated leasing management — a different location and operating model. A lower PSF does not mean a better investment; location, operator quality and occupancy rates matter. Compare the total cost of ownership and the rental income potential, not just the headline number.
Serviced residence — does that help or hurt?
It helps if you plan to rent the unit on Airbnb or as a short-term let — the serviced-residence title permits it. It also means higher utility tariffs (commercial rates for water and electricity), higher quit rent and higher assessment than a residential title. The Seri Tanjung Pinang location supports short-term rental demand from tourists visiting the north shore, but the regulatory environment for short-term lets can change.
The catch
The difference between commercial and residential utility rates over a decade is material. If you are buying to live in rather than rent out, run the total cost of ownership against a residential-title project and compare — the title flexibility is only valuable if you use it.
What happens next
Four steps, no obligation at any of them
You message
One WhatsApp message to Kelvin. No form, no mailing list, nothing stored on this site.
The documents
The current price list, the unit schedule and the layout pack — everything you need to compare floors, facings and unit types.
A visit to the sales gallery
At the sales gallery in Seri Tanjung Pinang, by appointment. Walk the show unit and the site plan.
Booking, then your solicitor
A booking deposit reserves a specific unit. The sale and purchase agreement follows, and your own solicitor takes it from there.
Speak to the sales team
Ask for the price list & availability
Message Kelvin on WhatsApp for the current price list, the unit schedule and the available layouts by floor and facing.
Replies from the sales team, usually within a few hours. No obligation.
- AdvisorKelvin
- Call+60 13-614 1314
- LocationSeri Tanjung Pinang, Tanjung Tokong, Penang