From
RM543k
Price From
RM543k
Built-Up
567 sqft
Price Insights
Developer Asking Price
RM958/sqft
Based on RM543k ÷ 567 sqft
Penang Market Range
RM400–700/sqft
Q3 2025 median (high-rise residential)
Based on Tanjung Tokong, Penang market data, similar properties transact at RM400–RM700 psf. This project is priced above the area median — typical for new launches with premium finishes.
The Meg @ Andaman Island, Pulau Pinang Review — Worth Buying?
NP Score
7.5/10
Worth Considering
Asking PSF
RM958
per sqft
The case for buying
- Tanjung Tokong prime location with established infrastructure and amenities
- Freehold tenure ensures long-term ownership and wealth building
- Competitive pricing at RM543,000 for serviced apartment unit
- Reputable Andaman Group developer with proven track record
- Beachfront Andaman Island proximity offers lifestyle and tourism appeal
The honest verdict
Value & Pricing
Entry point of RM543,000 for serviced apartments in Tanjung Tokong is competitive for Penang's premium segment, though the lack of specified completion date makes it difficult to assess value trajectory and ROI timeline accurately.
Location & Connectivity
Tanjung Tokong offers established residential appeal and proximity to amenities, but the absence of nearby MRT connectivity limits future accessibility improvements and may constrain long-term appreciation compared to planned transport corridors elsewhere in Penang.
Risk & Timing
The undefined completion timeline presents execution risk and cash flow uncertainty for buyers; combined with the serviced apartment model's operational dependency on management quality and market demand, investors should seek clarity on delivery schedules and developer track record before commitment.
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- Area income profile (DOSM)
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Project Details
Property Type
Serviced Apartment
Land Tenure
Freehold
Construction Status
New Launch
Bumi Discount
Not Available
The Meg @ Andaman Island, Pulau Pinang Video Tour
Watch a video tour of The Meg @ Andaman Island, Pulau Pinang in Tanjung Tokong, Penang. Serviced Apartment by Andaman Group.
Video sourced from YouTube. Not affiliated with the developer.
More videos →Why Consider The Meg @ Andaman Island, Pulau Pinang?
Based on location data and market analysis
- ✓Located in Tanjung Tokong, Penang
- ✓Freehold title property
- ✓By Andaman Group — verified developer on NewProjek
- ✓Serviced Apartment development
Investment Snapshot
Based on verified transaction data for Penang
Est. Monthly Rental
RM1,900–2,600
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Airbnb Estimate
RM4,200/mo
RM185/night × 76% occupancy · 9.3% gross yield
Area Price Trend
+10.6%
Verified sold prices 2021–2025
Price-to-Income
7.0x income
Lower = more affordable (avg 6.8x)
Estimates based on verified transaction data for similar properties in Penang (2021–2025). Not financial advice.
See full area analysis →Check subsale transaction history in Tanjung Tokong
Browse real verified transaction prices for nearby properties
What's Nearby
To see estimated commute time
Powered by Google Maps · Walking times are estimates only
Mortgage Calculator
Est. monthly repayment
RM 2,476/mo
Based on 10% down, 30yr tenure at 4.5% p.a.
Upfront costs
Frequently Asked Questions
What is the price of The Meg @ Andaman Island, Pulau Pinang?▼
The Meg @ Andaman Island, Pulau Pinang starts from RM543k. Contact the developer directly on NewProjek for the latest pricing.
Where is The Meg @ Andaman Island, Pulau Pinang located?▼
The Meg @ Andaman Island, Pulau Pinang is located in Tanjung Tokong, Penang, Malaysia.
Who is the developer of The Meg @ Andaman Island, Pulau Pinang?▼
The Meg @ Andaman Island, Pulau Pinang is developed by Andaman Group.
What type of property is The Meg @ Andaman Island, Pulau Pinang?▼
The Meg @ Andaman Island, Pulau Pinang is a Serviced Apartment development with Freehold tenure.
What is the construction status of The Meg @ Andaman Island, Pulau Pinang?▼
The Meg @ Andaman Island, Pulau Pinang is currently New Launch.
Berapa harga The Meg @ Andaman Island, Pulau Pinang?▼
The Meg @ Andaman Island, Pulau Pinang dijual bermula dari RM543k. Hubungi pemaju terus melalui NewProjek untuk senarai harga terkini.
Interested in The Meg @ Andaman Island, Pulau Pinang?
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View all projects by Andaman Group →Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
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