Crown Penang, George Town
Chin Hin Group Property Berhad · Serviced residence · Freehold · Selling
From RM 704,000 · 614–1,851 sq ft · Studio–3 bed
- 1Price against the areaRM 1,147+46% vs new launches nearby+110% vs completed condos
- 2The area+16.6%Change in Penang house prices over the four years to Q1 2026 · High unsold supply in the state
- 3Other options at this price8other new launches within 15% of RM 1,147 per sq ft
- 4Cost and risksRM 85,520Cash upfront and RM 2,921 a month after that
Crown Penang is a freehold serviced residence in George Town, Penang, by Chin Hin Property. The developer lists prices from RM704,000 for a 614 sq ft unit, about RM1,147 psf. That is 110% above the NAPIC 2025 median of RM546 psf for completed condos in the Timur Laut district. Checked against the developer's website on · Developer's project page
Location
Tanjung Tokong, George Town, Penang
Nearby, as listed by the developer
- Straits Quay
- Mount Miriam Cancer Hospital
1Crown Penang price compared with the area
Prices start from RM 704,000. If that price is for the smallest layout (614 sq ft), it works out to about RM 1,147 per sq ft.
NAPIC recorded 9 completed condos in the Timur Laut district in 2025. That area includes George Town. Its entry price per sq ft is higher than three quarters of the prices recorded in the area. New launches usually cost more per sq ft than completed condos nearby.
See the 9 completed condos NAPIC recorded in the Timur Laut district on the area page.
- The WaveRM 598
- Lumina ResidenceRM 731
- Setia V ResidencesRM 753
- Setia SV2RM 787
- Crown PenangRM 1,147
- Merione ResidencesRM 1,496
- Lightwater ResidencesRM 1,780
- G'VintonRM 1,848
Each developer's starting price divided by its smallest layout, unless the developer states a price per sq ft.
The developer does not publish a price per sq ft. Ask for the price list. If the starting price is for a bigger layout, the entry price per sq ft is lower than shown here.
2The area
- Timur LautRM 753 · 11 launchesRM 546
- Barat DayaRM 556 · 5 launchesRM 500
- Seberang Perai TengahRM 434 · 6 launchesRM 368
- Seberang Perai UtaraRM 442 · 1 launchRM 362
NAPIC 2025 data. Only areas with at least 5 recorded schemes are listed. Hover or tap an area for details.
Completed condos in Timur Laut changed -2.2% in price from 2024 to 2025 and -1% in the first half of 2026 (NAPIC, median per condo). See the price trend
House prices in Penang rose 16.6% in the four years to Q1 2026P, against 14.2% for Malaysia. See the state price and supply charts on the George Town page.
3Other options at this price
↑ Starting price
| Project | Entry psf | vs this |
|---|---|---|
| TalisaBangsar, Kuala Lumpur | RM 1,138 | -1% |
| Pavilion Mont' KiaraMont Kiara, Kuala Lumpur | RM 1,169 | +2% |
| Park Green Pavilion Bukit JalilBukit Jalil City, Kuala Lumpur | RM 1,119 | -2% |
| AVIERABangsar South, Kuala Lumpur | RM 1,115 | -3% |
| Aetas SeputehSeputeh, Kuala Lumpur | RM 1,110 | -3% |
| Binastra CochraneCochrane, Kuala Lumpur | RM 1,109 | -3% |
| SilverScape ResidencesMelaka, Melaka | RM 1,200 | +5% |
| The OpheraKLGCC Resort, Kuala Lumpur | RM 1,208 | +5% |
4Cost and risks
Starting priceRM 704,000
Monthly instalment
RM 2,921
Cash upfront (down payment and stamp duty)
RM 85,520
- Down payment
- RM 70,400
- Stamp duty on the transfer
- RM 15,120
- Loan amount
- RM 633,600
- Total interest over the loan
- RM 593,036
Based on the starting price, with stamp duty on the transfer only. Legal fees and loan stamp duty are extra. We apply the first-home exemption only up to RM500,000. Confirm it with your lawyer.
Things to check
- No completion date is published: ask for the vacant possession date and the late-delivery terms in the SPA.
- In Penang a foreign buyer needs state consent and can only buy a unit priced at RM 1,000,000 or more.
Project details+
- Developer
- Chin Hin Group Property Berhad
- Location
- Tanjung Tokong, Penang
- Property type
- Serviced residence
- Tenure
- Freehold
- Total units
- 588
- Blocks / towers
- Not stated by the developer
- Storeys
- Not stated by the developer
- Expected completion
- Not stated by the developer
Sky pool (40th floor) · Gymnasium · Sky lounge · Co-working space · Running track · BBQ area
Crown Penang floor plans and photos
Crown Penang layouts
| Layout | Size | Bedrooms |
|---|---|---|
| Type A | 667 sq ft | – |
| Type B | 840 sq ft | 1 |
| Type B1 | 1,076 sq ft | 1 |
| Type C1 | 1,087 sq ft | 2 |
| Type CL | 1,141 sq ft | 2 |
| Type CR | 1,141 sq ft | 2 |
| Type D | 1,625 sq ft | 3 |
| Type C | 1,851 sq ft | 2 |
Our take
- The entry price per sq ft is 110% above the median for completed condos in George Town. Some of that gap is normal for a new building. We would compare it with other new launches in George Town before paying a booking fee.
- Of the 8 new launches we track in George Town, it has the 5th lowest entry price per sq ft.
- Other new launches at a similar price per sq ft: Talisa (RM 1,138 psf), Pavilion Mont' Kiara (RM 1,169 psf) and Park Green Pavilion Bukit Jalil (RM 1,119 psf).
- Many completed condos in Penang are still unsold. That can make a unit slower to resell or rent out.
More new launches in George Town
Other new launches in Penang
More new launches by Chin Hin Property
Crown Penang: common questions
How much is Crown Penang in George Town?
The developer lists prices from RM 704,000, about RM 1,147 per sq ft for the smallest layout.
Is Crown Penang freehold or leasehold?
The developer lists it as freehold.
Can foreigners buy Crown Penang?
Penang sets a RM 1,000,000 minimum for foreign buyers. The developer does not list a full price range, so check the price of the unit you want.
Sources
Project facts come from the developer's website. Area prices and yields come from NAPIC's Laporan Pasaran Harta 2025. State figures come from the MHPI (Q1 2026P) and the NAPIC overhang tables (Q1 2026). No developer pays us.