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
8/10
Worth Considering
Asking PSF
RM958
per sqft
The case for buying
- Freehold tenure ensures permanent ownership with no renewal concerns
- Prime Tanjung Tokong location near Penang's coastal attractions
- Serviced apartment offers hassle-free living with managed amenities
- Established Andaman Group developer brings credibility and track record
- Strategic beachfront position ideal for tourism rental income
The honest verdict
Value & Pricing
Entry price of RM543,000 is competitive for freehold serviced apartments in Penang's established residential area, though unit sizes and amenities specification are critical factors to assess whether pricing justifies the investment relative to comparable projects.
Location & Connectivity
Tanjung Tokong offers established infrastructure and beach proximity, but the absence of nearby MRT connectivity limits long-term accessibility advantages; reliance on road transport may impact rental appeal and resale liquidity as public transport networks evolve.
Risk & Timing
Undefined completion timeline presents execution risk and extends holding periods before returns materialize; investors should verify Andaman Group's track record and obtain specific milestones before commitment, particularly given the serviced apartment market's sensitivity to tourism and economic cycles.
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- Market price analysis — is it fairly priced?
- Investment analysis — rental yield & capital growth
- Loan eligibility — salary needed to buy
- Area income profile (DOSM)
- Comparable projects side-by-side
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Project Details
Property Type
Serviced Apartment
Land Tenure
Freehold
Construction Status
Completed
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
- ✓Freehold tenure ensures permanent ownership with no renewal concerns
- ✓Prime Tanjung Tokong location near Penang's coastal attractions
- ✓Serviced apartment offers hassle-free living with managed amenities
- ✓Established Andaman Group developer brings credibility and track record
- ✓Strategic beachfront position ideal for tourism rental income
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
6.1x 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
Can I afford this?
Estimate only — actual bank approval depends on your credit profile and existing commitments.
Est. monthly repayment
RM 2,223/mo
Based on 10% down, 35yr tenure at 4.2% p.a.
Minimum gross monthly income typically needed
RM 3,705/mo
Assumes no other debts, at a comfortable 60% DSR. Banks allow up to ~70% — existing car/personal loans lower how much you qualify for.
Check with your real income →Estimated cash needed upfront
Part of your down payment and stamp duty can often be covered using EPF Account 2 savings (subject to eligibility and withdrawal limits).
Full stamp duty & legal fee breakdown →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 Completed.
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.
Looking to buy or rent The Meg @ Andaman Island, Pulau Pinang?
This project is already completed. Browse subsale transactions, current listings, and market data below.
Search Transaction HistoryFind Subsale ListingsOr search rentals →Still want to contact the developer? (e.g., for clubhouse access, complaints, second-phase info)
Contact developer →
Andaman Group
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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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