SERI TANJUNG PINANG

Penang, Malaysia

13
Properties within neighbourhood
3
Convenience Store
1
Shopping Malls
0
Supermarkets & Markets
0
Public Transport
0
Educations
0
Places of Worship
3
Medicals
0
Banks
0
Petrol Station

low

Crime Level

NIL

Highways

Marinox Sky Villas, Quayside, The Tamarind, City of Dreams, City of Dreams, The Tamarind

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About This Map

Transacted Prices

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

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Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Seri Tanjung Pinang *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

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Neighbourhood Review

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Seri Tanjung Pinang is a RM25 billion development built along the coastline of Penang, adjacent to the seaside neighbourhood of Tanjung Tokong. The development is located in the northeastern part of the Penang Island, about 7.5km from the Komtar building in Georgetown. Residents in Seri Tanjung Pinang mostly come from the mid- to higher echelon of society, as is expected with the prices of the properties.

Developed by the prestigious Eastern & Oriental (E&O) Group, Seri Tanjung Pinang became well known for its exclusive high-end properties in Phase 1 of the development, such as the Avalon and Acacia semi-detached homes, stunning seaside villas with private footpaths leading to the units, 1- and 2-bedroom suites above the Straits Quay marina and retail complex, in addition to courtyard and seaside terrace homes, all built in tropical, Peranakan or contemporary colonial architectural styles.

Buyers and investors also can take their pick from Seri Tanjung Pinang's high-rise properties, many of which boast panoramic views of the coastline and sea, due to the development's position at a tip of the island. The sea-facing Quayside condominium also has a private, residents-only 4.5-acre waterpark with facilities like interactive fountains, adventure pools and outdoor massage pools.

Medium-cost properties in Seri Tanjung Pinang are available too, albeit with much smaller sizes. Regardless, all of the neighbourhood's occupants are able to enjoy the neighbourhood's facilities. These facilities in the neighbourhood's first phase include Tesco Seri Tanjung Pinang and the aforementioned Straits Quay, where restaurants, cafes, art galleries, beauty centres, retail outlets, children indoor playgrounds, an upscale grocery store, education centre, medical facilities and the Performing Arts Centre of Penang can be found.

Phase 2 of Seri Tanjung Pinang is expected to take 15 to 20 years to complete. Positioned to be Penang's largest waterfront neighbourhood, it will offer both residential properties and leisure facilities on reclaimed islands totalling more than 700 acres.

At the moment, Seri Tanjung Pinang does not have any large school, tertiary education establishment or hospital. However, its proximity to matured neighbourhoods like Tanjong Tokong, Tanjung Bungah and Georgetown ensure that there is no lack of such amenities within easy reach. Thus, combined with the unique atmosphere of the waterfront community and its safe environment, it is no surprise that the values of Seri Tanjung Pinang's properties are seeing a consistent rise.

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

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