TANJUNG TOKONG

Penang, Malaysia

41
Properties within neighbourhood
10
Convenience Store
2
Shopping Malls
3
Supermarkets & Markets
0
Public Transport
15
Educations
13
Places of Worship
9
Medicals
8
Banks
2
Petrol Station

average

Crime Level

NIL

Highways

The Landmark, City Mall, City Residence, TRI Pinnacle, Mont Residence, The Landmark, City Residence, City Mall, Mont Residence, TRI Pinnacle

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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 Tanjung Tokong *

* 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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Tanjung Tokong is a matured neighbourhood occupying the northeastern corner of the Penang Island. It began as a fishing village, deriving its name from an old Chinese temple built in the late 18th century. During the 1970s and 1980s the area started to see development, mainly a result of its relative proximity to Georgetown.

The neighbourhood is a popular place to stay in, especially for those working in Georgetown. Developments in the area range from low- and medium-cost apartments and affordable housing settlements to upmarket sea-facing condominiums, and landed houses by the sea and on the hills of Tanjung Tokong. Massive land reclamation was (and is still being) done along the northern shore of the area, becoming the site for the new homes and commercial complexes of Seri Tanjung Pinang.

Tanjung Tokong is home to Penang's first shopping centre, Island Plaza. Since then, many other shopping complexes have sprung up in the neighbourhood and the surrounding areas, for example Gurney Plaza, Gurney Paragon and Straits Quay, where residents can access an abundance of eateries, shops, beauty parlours, health and fitness centres, cinemas and recreational spaces.

The Mount Erskine market, Tesco Seri Tanjung Pinang and Sam's Groceria in Straits Quay cater for the residents' grocery shopping needs. Medical facilities are also aplenty, with the Adventist Medical Centre, Penang Adventist Hospital and Gleneagles Penang Medical Center all located about 3 to 6km away from Tanjung Tokong.

There are several schools and education centres located within the vicinity of Tanjung Tokong – public institutions like SJK (C) Hun Bin and SK Tanjung Tokong, and private ones like Kumon, Smart Reader and various kindergartens. The town is also considerably near to the Georgetown city (about 7km from Komtar), where many other educational institutions can be found, such as Penang Chinese Girls' High School, Equator College, Pusat Teknologi dan Pengurusan Lanjut (PTPL) and KDU Penang University College.

Public transportation in the form of buses, including 101, 102, 103 and 104, is available along the main road, Jalan Tanjung Tokong, as well as along some other smaller roads like Jalan Gajah and Jalan Bintang. Those living in other parts of Tanjung Tokong that are further away from the main road, however, would need to walk quite a long way to get to a bus stop, or simply need to own their own private vehicles.

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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