The Meg, George Town
Eastern & Oriental Berhad · Serviced residence · Freehold · Selling
RM 543,400 to RM 1,190,900 · Completion 2026
- 1Price against the area–Price per sq ft not published
- 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 price–Price per sq ft not published
- 4Cost and risksRM 64,642Cash upfront and RM 2,254 a month after that
The Meg is a freehold serviced residence in George Town, Penang, by Eastern & Oriental. The developer lists prices from RM543,400. Completed condos in the Timur Laut district had a NAPIC 2025 median of RM546 psf. Checked against the developer's website on · Developer's project page
Location
Andaman, George Town, Penang
Nearby, as listed by the developer
- Gurney Wharf
1The Meg price compared with the area
The developer's page does not give both a starting price and a unit size, so we cannot work out a price per sq ft.
See the 9 completed condos NAPIC recorded in the Timur Laut district on the area page.
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.
4Cost and risks
Starting priceRM 543,400
Monthly instalment
RM 2,254
Cash upfront (down payment and stamp duty)
RM 64,642
- Down payment
- RM 54,340
- Stamp duty on the transfer
- RM 10,302
- Loan amount
- RM 489,060
- Total interest over the loan
- RM 457,750
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
- 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
- Eastern & Oriental Berhad (E&O)
- Location
- Andaman, Penang
- Property type
- Serviced residence
- Tenure
- Freehold
- Total units
- 1,020
- Blocks / towers
- Not stated by the developer
- Storeys
- Not stated by the developer
- Expected completion
- 2026
Pool (40m laps) · Jogging track · Herb garden · Work space · Arcade · Lounge
The Meg photos
Our take
- 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 Eastern & Oriental
The Meg: common questions
How much is The Meg in George Town?
The developer lists prices from RM 543,400.
Is The Meg freehold or leasehold?
The developer lists it as freehold.
When will The Meg be completed?
The developer gives 2026 as the expected completion date.
Can foreigners buy The Meg?
Units priced at RM 1,000,000 or more meet Penang's minimum for foreign buyers. Cheaper units do not.
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.