Tanjung Park Condominium


Tanjung Park elevated majestically above the touristy Jalan Tanjung Tokong and within walking distance to numerous shopping facilities and amenities, Tanjung park Apartment is the last freehold condominium development in Penang's most sought-after and prestigious Tanjung Tokong district.

Exemplifying the prefect balance of aesthetics and functionality, Tanjung Park's classically inspired architecture reflects a refreshing vibrancy and expresses a discerning taste for the best in life.

Conceived, designed and reinforced by the intangibles of a landmark development comfort, convenience, prestige, style, security..., Tanjung Park is destined to set its own standard and status above the rest.

Property Project : Tanjung Park
Property Address : Jalan Tanjung Tokong Penang
Location : Tanjung Tokong, Penang (Property for sale & rent in Tanjung Tokong)
Property Type : Apartment (Apartment for sale & rent)
Tenure : Freehold
No. of Blocks : 2
No. of Storeys : 25
Total Units : 260
No. of Lifts : 4
Developer : Ivory Properties Group

Typical Unit
Level : 7 to 19 (unit 1 to 6)
No. of Units : 78
Units per Floor : 6
Built-up Area : approx. 950 - 1,076 sq.ft.

Exclusive Unit
Level : 20 - 23A (Unit 1/2, 3/3A, 5/6, 7/8)
No. of Units : 19
Built-up Area : approx. 1,826 - 1,894 sq.ft., 2,120 - 2,220 sq.ft.

Penthouse/Duplex
Level : 3A & 5 (Duplex)/ 25 (Penthouse)
No. of Units : 6/4
Built-up Area : approx. 2,412 - 2,921 sq.ft.

Facilities
24-hours security, landscape garden, community hall, games room, lounge, swimming pool, wading pool, jacuzzi, sauna, gymnasium, children's playground, BBQ-pit, water slide, table tennis room, convenience store, laundrette, multi storey car park, jogging trek.

51 comments

June 3, 2008 at 1:23 AMAnonymous

Hi, I'm also interested in this project. Does anyone has the various layout and the selling price?

 
June 4, 2008 at 1:54 PMAnonymous

IOI will be selling new project at starting at RM 380 psf.

http://www.ioigroup.com/home.cfm?id=B72DC76A-1438-5066-5C35D1BB0F41BC59

what do you think is the fair value for Tg Park?

 
June 8, 2008 at 12:41 AMAnonymous

What are the pluses and minuses of Tanjung Park Condo? It's seem to be located in a convenient location.How would the new shops to be built in front affect Tanjung Park? What is the fair price for a 950 to 1000 sf apartment?

 
June 8, 2008 at 7:52 AMAnonymous

Does anyone have the floor plans of the units at Tanjung Park? Thank you very much!

 
June 12, 2008 at 11:19 AMAnonymous

What are the pluses and minuses of Tanjung Park Condo?

+ points

1) you will not be caught in the daily rush hour jam as compare to those staying in batu ferringhi.

2) new Tesco hypermart will be located at Sri Tanjung Pinang.

3) good mix of expats currently staying in the condo.

4) Tanjung Tokong - under develop area which means more potential for price rise.

5) easy access to the condo, parking(can park at main entrance) not a problem for visitor.

needless to say, I HAVE A UNIT THERE...

as for the -ve points, can someone help me?....

 
June 12, 2008 at 3:59 PMAnonymous

Thank you very much for the comments on the pluses of Tanjung.I think so too that with the development of the Tanjung Tokong area there would be further upside for the condo,on condition it's well managed & maintained.It's certainly a distinctive landmark,viewed from Gurney side.What's the mthly rental for the smallest high fl unit?

 
June 12, 2008 at 4:27 PMAnonymous

The long term value of a condo,besides its location,is the maintenace & the quality of the Mgt Committee.Tanjung Park is on a good location,with the convience & lots of potential.But long term its ability to compete with newer projects will depend on its maintenance.Its Mgt should be able to detect weaknesses and fix them on a constant basis.

 
June 16, 2008 at 11:30 AMAnonymous

How would the development of Tanjung Tokong area, the Ivory shopping centre in front of Tanjung Park Condo affect the prices of of Tanjung Park mid-term and long-term? What is the selling price and rental for a typical unit now?

 
June 25, 2008 at 11:37 PMAnonymous

I would have to agree tht its maintenance is very good. Is it maintained by Ivory Group or by 3rd party management company?

 
July 15, 2008 at 5:34 PMAnonymous

I'm interested in getting a condo unit with seaview in Penang, and I'm also thinking of the convenience and the eateries. Would you say Tanjung Park is a good buy given my budget is around RM400,000? Would there be any upside for Tanjung Park given that Tanjung Tokong is being developed?

 
July 16, 2008 at 11:31 AMAnonymous

I'm interested in getting a condo unit with seaview in Penang, and I'm also thinking of the convenience and the eateries. Would you say Tanjung Park is a good buy given my budget is around RM400,000? Would there be any upside for Tanjung Park given that Tanjung Tokong is being developed?

THIS IS MORE REALISTIC, THERE ARE BUYERS WHO ARE HOPING TO BUY A SEA VIEW UNIT FOR 350K IN THIS CONDO SHOULD RETHINK ABOUT IT. WITH RISING RAW MATERIALS, DEVELOPERS ARE REVISING THEIR SELLING PRICE UPWARDS(GOOD FOR THOSE WHO BOUGHT EARLIER). YOU ARE LIVING ON PENANG "ISLAND", PRICES WILL NOT BE TOO FAR FROM KL PRICES.

TANJUNG TOKONG IS A UNDER DEVELOP AREA WHERE THE POTENTIAL CAN BE TREMENDOUS.

 
July 16, 2008 at 4:34 PMAnonymous

Thank you very much for your comments on Tanjung Park. The location, view (esp. for high floors) and convenience seem to be plus factors for TP.If the maintenance continues to be good,then the value of the property should go up mid and long term. You are right that construction materials have all gone up.

 
July 17, 2008 at 11:31 AMAnonymous

http://apartment-penang.blogspot.com/2008/07/developers-holding-back-projects-amid.html

another sign of price increase...

 
July 17, 2008 at 6:23 PMAnonymous

Yes,the escalating costs of construction materials mean that developers either have to increase the selling prices of the units, slow down the process of construction,and in the worst scenario, "abondon ships" (hope this will not happen).Good completed projects will appreciate in value mid or long term unless the economies are really bad.

 
July 30, 2008 at 9:12 AMAnonymous

Hope Chan you had a good rental/price for yr TP unit.I wish I had been to the open house. Best wishes

 
July 31, 2008 at 9:31 AMAnonymous

Bolton have raise the selling price of SURIN to RM400 psf, you have to wait for THREE YEARS. plse do your maths on the value of tanjung park.

http://apartment-penang.blogspot.com/2008/07/bolton-doing-what-it-does-best.html

 
August 2, 2008 at 11:31 PMAnonymous

The $400/psf now will probably become $600/psf in two years' time, with the inflation & appreciation. Tanjung Park's location is more convenient, with shopping malls and eateries close by. The Seri Tanjung Pinang project,once completed, will enhance the desirability of the location.

 
August 6, 2008 at 3:14 PMAnonymous

I have observed there are more & more upmarket retail outlets around TP areas.At the same time,the eateries in the vicinity (in coffee shops) still provide affordable food. The development in the area and the convenience will increase the value of TP. Of course the maintenace & overall upkeep are also important.

 
August 6, 2008 at 9:16 PMSCJ

anyone can share whether is a good buy on the townhouse? any idea what is the best price to buy?

Thks Andy

 
August 7, 2008 at 10:29 AMAnonymous

I have observed there are more & more upmarket retail outlets around TP areas....

you is right!! Tanjung Tokong is the next big thing...IOI will be launching Fettes Residences soon, the brezza, the peak n not to mention condo by E & O. it is HOT.

 
August 7, 2008 at 6:02 PMAnonymous

A development like TP would be comparable to those in destricts 9,10,11 in Singapore. The latter would fetch 2-3 times the PSF price of other developments in S'pore. I think some of the units in Tanjung Tokong,Gurney are still very cheap,comparatively speaking -- compare city to city.

 
November 7, 2008 at 4:08 PMcaps

May I know what is reasonable price? 400psf? 450 psf?

 
March 11, 2009 at 12:13 PMLee Ling

can anyone inform how much is the 21/2 storeys townhouse ? i am interested. Doea anyone have a unit to sell? and do u have any photo of the townhouse?

 
May 22, 2009 at 6:27 PMCrush

Anyone know what is the construction land for in front of tg park?

 
July 1, 2009 at 3:29 PMLim

what's the maintenance fees? what's the ceiling height?

 
October 12, 2009 at 10:57 AMstanley

Wonder the residents view on the proposed Tanjung Tourist Mall project with condo and shopping mall in front of Tg Park.

http://www.apartment-penang.com/search/label/Property%20News%20Sept%2009

 
October 13, 2009 at 4:22 PMsam

Let me take you back in time, when Ivory started piling for Tg park they already have this project in mind. I suppose it still stay in their mind only....haha

 
February 8, 2010 at 2:35 PMProp

Ivory New project, Tanjung Tourist Mall is coming up, the site is just right infront of Tanjung Park (where the Sales Galery is located). I think it has been renamed as "City Plaza", and the residential portion as "The Residence". Not sure how much view of Tanjung Park would be affected in this case, but heard that the high-rise residential will not directly blocking the units. Sound promosing, built on the free-hold land, and on top of commercial lots, it should be able to supplement the current weakness in Island Plaza, and may bring-in some values to Tanjung Park.

 
March 2, 2010 at 7:13 AMTim

Will the new Ivory project "The Residences" block the current sea view of Tanjung Park?

 
March 2, 2010 at 10:43 AMProp

From the satellite map, the high-rise residential units will not block the view for Tanjung park that much, as it is located more to the left-ward of tanjung park, or nearer to the island plaza tower. Except the lower units which should be affected by the commercial units. Nevertheless, the residents there may have to endura the noise and dust throughout the construction, we are talking about 5 years here...

 
March 19, 2010 at 10:09 PMHouse

can anyone please share what was the original buying price straight from developer. how much would a 950sft intermediate vs corner unit 1,100 sft costs? of course, the level would play a part. i would like to get a feel of the increase so far.
thanks very much.

 
June 16, 2010 at 11:57 AMhssf

hi,
does anyone know when was this project completed? 2004?

 
August 21, 2010 at 12:26 PMTracy

Any idea the strata titile has been out??

 
October 4, 2010 at 1:37 PMTim

Just wonder any parking area in the surrounding for the 2nd car?

 
March 4, 2011 at 11:49 AM@ndrewPg

Quite a number of people are either selling or renting out their units. Once Ivory starts to build the Tourist Mall infront of Tg. Park, I believe the tenants will move out of this place. Just my view… 
I had the opportunity to view a few units in Tg Park. I realized that the rooms are pretty small, even the master bedroom. I also notice that the maintenance is slowly deteriorating. Some are rushing to sell their units as they felt that now this property has reached its highest level ...

 
March 6, 2011 at 11:45 PMhssf

hi @ndrewPg and all,

Any idea how tall will the city mall/tourist mall in front of Tg. Park? Will it block the view? and from which floor onwards?

btw, opposite the road - BSG Properties's projects - are they high rise? Will it block Tg. Park's view?

thanks

 
March 7, 2011 at 12:07 AM@ndrewPg

Hi hssf, the Tourist Mall will be around 5 stories high. There will be a high rise condo on top of this mall. The condo will be next to Block B of Tanjung Park. :)
As of now, BSG will develop the FnB venue opposite Tanjung Park called Precinct 10 if I am not mistaken.
I feel that Tanjung Park condo price is super high and the maintenance is slowly deteriorating. I understand that some residents do not pay the maintenance fees. The owners are just testing the market by trying to sell their units around RM450K to RM580K. Then again it all depends on demand and supply.

 
March 7, 2011 at 11:18 PMhssf

hi @ndrewPg,
the high rise condo on top of this city mall, will it be blocking any of tanjung park's block A or B?

thanks for your input.

 
March 8, 2011 at 7:56 AM@ndrewPg

Hi hssf, you can check out this website for more info => http://www.ivory.com.my/our_projects_files/city_mall.html

By the way, thank you for sharing on the Fiera Vista project.

 
March 8, 2011 at 8:38 AMhssf

hi @ndrewPg,
thanks...

btw, Fiera Vista was shared out by CL :)

 
March 8, 2011 at 8:48 AMColl

The name given to the 2 residential towers is "The Residence". Already open for booking quite sometimes back, end-2009 if i am not mistaken, under the 2+0.5yr condition. So if follow this timeline they may only start the project end of this year, if not any earlier. All units are fully booked. My relative manage to get one intermediate unit above 10th floor, 1185sf at 560k++ before discount of 10+5% (the 5% can only realized after confirmation and s&p sign).

Anyway, understood that the masterplan for this project is not finalized yet, from hear-say they may even considering added in additional (3rd)tower, lets see. After all, for Tg Park residents, I share the opinions as what have been commented before, view will defnitely affected, and short-term will have to endura the noise and dusk from the construction. Long-term wise may still looks promising due to strategic location, in considerate that city mall is ready then, and dun forget tesco and strait mall is just a mile away.

 
March 8, 2011 at 10:31 AM@ndrewPg

Hi Coll. Thank you for your valuable inputs. If Ivory were to build the 3rd condo tower on City Mall, then Block A seaview will be totally affected.
No wonder so many owners rushing to sell their units. Once the City Mall construction starts, the tenancy rate will surely drop due to noise and dust. :) I am not sure about long-term investment on this property as the maintenance of Tj. Park is deteriorating.

 
March 8, 2011 at 2:57 PMSun

Tg Park is the maiden project from Ivory group, before that the boss is probaly helping his brother (techware) with the construction of Gold Coast bayan indah. The design in Tg park is quite impressive, the french-malaysian fusion architecture still looks modern and up to date today. Layout wise is poor though, living room and master bedroom are just to small. The 3rd bedroom is virtually the study room. Only area with reasonable size is the kitchen. Most of the units only come with 1 car park. Built-quality is reasonable, at least the exterior paint works is quite nicely done. Interior at the car park can be improved. View wise is limited, those above 10th floor in block A can get seaview from distance. Block B has has bit of gurney drive view. Location wise is ok, right within the new golden triangle region, however need some times to mature up as island plaza is still struggling. Recently being bought over by singaporean firm and currenty under revamp, seems Metrojaya already couldn't stand the heat and finally decided to pull out. Lets see how it would turn out. Straits mall, upcoming tesco and ivory mall could be a + point too. The contruction of ivory mall would have some adverse effect toward tg park, thats for sure.

If you are looking for Tg park as a mean of investment, i would say ok if the price if <400psf, and you have intention to hold on for longer period.

 
May 11, 2011 at 5:23 PMpuzzled

Coll, care to share more info on that 10+5% discount? I do not recall hearing about such discounts when i booked a unit back in 2010. was it a special deal for your relative? thanks

 
July 21, 2011 at 11:53 PMWatertown Wanderer

@ndrrewPg, you seem to be an expert on Tanjung Park, but I live here and totally disagree with your statement that people are rushing to sell. Aslo for your information, security and maintenace have improved greatly since the new managment took over. Under Ivory there were many people who did not pay their service charges, but now there is only 2 people and legal action is being taken against them. Please get your fact right.

 
July 24, 2011 at 1:10 AMAnonymous

I totally agreed with Watertown wanderer. I live here too! @drewPg don't act smart!! The management is not deteriorating, infact vast improvement compared to the previous management run by the developer. As residents, we never get to see the account but recently during the AGM, for the first time we get a whole set of audited account.

 
July 24, 2011 at 1:35 AMpropng

How much sinking fund Tg Park has, just curious. Anyway this information is crucial to understand how well this building can be sustained and managed in the long run. When I checked on Tg Park 2.5yr ago, managed to find price slightly higher than 350k, reno and furnished, at block A >6floors. Nowaday already appreciated to >450k, even more for block A higher floor. It was highlighted as one of the most appreciated project in Penang under one press report. Reason is clear --> feehold, residential title, design and look still good, building still being maintained quite well, located at the middle of tg tokong town, just opposite island plaza, and close to Tesco and Straits mall. The only "risK', and also oppourtunity is the upcoming Ivory City Mall, certain view to be block, and of course also have to ride through the tough construction period. Difficult to rent out once construction started, so quickly go and find tenant and sign 2 years tenancy by end of this year, its about time. However in long term, i don't doubt the potential of this project, imagine that the nearby new developments all selling >500psf now, even the leasehold The Brezza (seaview units).

 
November 18, 2011 at 8:14 AMtphimy

Any update on the upcoming development at the plot of land right infront Tg Park? Ivory's Tanjung Tourist Mall? Would that blocks the view of tg park?

 
March 19, 2012 at 5:00 PMkk

Anyone got any idea what is the price of the Executive unit now?

 
April 10, 2012 at 7:03 AMTim

Sea view will be blocked by new project from Ivory.

 
May 28, 2015 at 4:30 PMAnonymous

Tanjung Park ff for rent. dish washer, induction cooker, car park 012-4683393 - rm2000 per month