The Tamarind

December 2nd, 2014 Leave a comment 中文版

The Tamarind, a freehold executive apartments by E&O Property at Seri Tanjung Pinang, Penang. Located along Jalan Seri Tanjung Pinang 1, within walking distance to Straits Quay and Tesco. It is also well connected by strategic access roads to many amenities including schools, medical centres and shopping malls.

This development comprises two 33-storey towers of service apartments.

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Property Project : The Tamarind
Location : Seri Tanjung Pinang, Penang
Property Type : Executive Apartments
Tenure : Freehold
Total Units: 1,104 (To be confirmed)
Built-up Area: 1,042 sq.ft. onwards
Indicative Price: RM 600,000 onwards
Developer : E&O Property Development

Marketing Agents
  • 016-440 5426 (Jane Khor)
  • 016-403 4388 (SK Ch’ng)

Contributed by reader (Update 18/07/15)

Categories: Tanjung Tokong Tags:
  1. MrLim
    March 30th, 2017 at 07:04 | #1

    Looking for Type C at only Tower A (With 2 Carparks) with 800k anyone willing to let go? Can PM me

  2. Don
    March 30th, 2017 at 20:16 | #2

    How big is type c

  3. Timmy
    March 30th, 2017 at 21:09 | #3

    Type C 1047 sft

    3 room 2 bath

  4. Tim
    March 31st, 2017 at 08:35 | #4

    Good price 800k for 1047sqft

  5. KWAP
    March 31st, 2017 at 09:17 | #5

    A good news finally come to STP and E&O
    Still think of a good choice for my Tamarind

  6. UncleLim
    March 31st, 2017 at 13:21 | #6

    @KWAP

    I heard a few purchasers officially wrote to E&O to cancel their purchase due to the big electrical substation beside Tamarind, the case still pending E&O management consideration.

  7. Don
    March 31st, 2017 at 16:08 | #7

    Wouldnt blame them. I see no reason to hold on to the tower b units.

  8. Phang
    March 31st, 2017 at 19:13 | #8

    What about for Tower A owners? Though it doesn’t really affect them as their units are further away and also no view of that power station.
    It will be good idea especially those Tower B purchasers to get clarification from E&O.

  9. Cindy
    March 31st, 2017 at 20:20 | #9

    Do you seriously think the management will allow you to cancel? If they allow 1 purchaser to do that, I bet all the affected tower B purchasers will also ask to cancel. Then who can they sell to? Ask these questions and you will guess the outcome of their management decision. Even those Penang World City buyers also cant help it with the substation next to them.

  10. Phang
    April 1st, 2017 at 20:32 | #10

    I agree with you. Nothing much you can do with TNB or E&O. I have mentioned before and no need to say it again.

  11. filterfren
    April 5th, 2017 at 00:10 | #11

    Tamarind is still an excellent buy. Within walking distance to The promenade, Tesco and other ameneties, Gurney Drive is closeby and Georgetown city centre is a short drive away. The location is the main pulling factor here.You can’t ask for anything more. Cheers!

  12. LRT
    April 5th, 2017 at 07:07 | #12

    @filterfren

    I agree with you, this is a great location “Within walking distance to The promenade, Tesco and other ameneties, Gurney Drive is closeby and Georgetown city centre is a short drive away. The location is the main pulling factor here”. But, get CANCER 15 years later living in front of the giant TNB substation? I think there are definitely better choices than this.

  13. Shahrul
    April 5th, 2017 at 10:16 | #13

    @filterfren

    You are certainly right. YOu will also never find a huge substation right beside your condo anywhere in penang ! good buy !

  14. Don
    April 5th, 2017 at 13:59 | #14

    Agreed location is superb. But that is for tower a. Tower b residents will still be mad mad.

  15. Don
    April 5th, 2017 at 14:01 | #15

    Be it resale or for rental. Any prospect tenant would avoid such facing.

  16. Bug
    April 5th, 2017 at 14:20 | #16

    @Don Tower b facing inside should be just fine

  17. Lam
    April 5th, 2017 at 16:14 | #17

    Tower A facing Jazz hotel / residences is slightly better than tower B facing TNB station saja.

  18. Bug
    April 6th, 2017 at 06:56 | #18

    @Lam It’s much more better, especially Stack 15 tower A, able to get a partially seaview towards Quayside condo there.

  19. gina
    April 6th, 2017 at 07:08 | #19

    @Bug

    I think this Tamarind is not a good deal at all, price so high and yet still come with all sorts of deficiencies (blocked view lah, big exhaust fan lah, giant substation lah etc).

  20. Bug
    April 6th, 2017 at 08:58 | #20

    @gina There is no prefect deal for buying a property. Location itself will do the talking when the time comes. Let’s see the future value after 5 years. I can see min value of The Tamarind would be more than 1 mil which cable to sell to foreigner. Those who bought 700-800k are definitely making money after 5 years. Years back people told me Bayswater RM250k was very pricey luckily I choose to believe my ‘common sense’ guess what now? I am enjoying RM2500 rental monthly higher than MONEY GAME lo without any risks. People offered me RM800k I refused. STP and Tanjung Bungah are the most sought after address in Penang for foreigners. 1 mil for them are just peanut. Hoping government not changing the rule that min purchase for condo in island to 2 mil.

  21. Timmy
    April 6th, 2017 at 09:06 | #21

    Bug :
    @Lam It’s much more better, especially Stack 15 tower A, able to get a partially seaview towards Quayside condo there.

    Expect stack15, those Stack 13 /11/ 9/ 7/5 do not have any advantage

  22. Freshwater Bay
    April 6th, 2017 at 10:16 | #22

    @Bug
    Your comment really laugh! Tamarind 1 mil?! Please go and search Mudah and see how many Quayside and Straits quay unit for sale from 800k to 1.2m. Which expat wants to buy your tiny high density non direct seaview Tamarind? So much choice now in this buyers market in Penang!

  23. Bug
    April 6th, 2017 at 12:00 | #23

    @Freshwater Bay
    Omg, 800k for quayside? USD? I am serious if you can get me this price I cash buy from you 5 units! Please get your facts right okay? You really make me rolling on flooor laughing (RoFL) I got a unit at Andaman tower 1F, 1187 sqft renting at RM4500 per month, going to increase to RM4800 end of this year. Agent offered me 1.6mil for sale I refused! I give you my words if 5 years later The Tamarind unable to go up 1mil, I sell all properties for charity la… Don’t try to challenge me dude… come on show me facts and figures please. Dude, I am renting Palm Court for my Bangla already RM1200 per month is way better than a new condo costs your about 500-600k in Sungai Ara eg, One Imperial RM1000 rental?!?!?!? No matter how bad The Tamarind is Rental there is no problem at all. See the location difference? 50k low cost flat get higher rental than a 500k Luxury condo. Please get yourself a Palm Court la, the way you comment sounds so cheapsake I guess you should be qualified for this low cost category.

  24. Phang
    April 6th, 2017 at 12:24 | #24

    Tower A stack 17 corner towards far end will be the best I think with seaview. No TNB in sight though you pay a high price. Stack 15 possible seaview if on higher floor.

  25. Hoseh
    April 6th, 2017 at 12:46 | #25

    @Bug I agree your statement the rental at STP really no problem at all. Residential I can’t comment, I bought vantage shop after bidding is RM1.09mil currently I am renting 7k monthly. 2+2 years.great return

  26. songhee
    April 6th, 2017 at 12:50 | #26

    @Hoseh

    Which floor is your vantage unit on?

  27. Freshwater Bay
    April 6th, 2017 at 16:53 | #27

    @Bug
    Wow your IQ is so low that you donno how to use Mudah.my is it? Come child I help you. Type in Straits Quay Waterside Suites, then click “sort by lowest price first”, then do the same for Quayside, really don’t have 830k-850k and a few 1.1m listings? If don’t have then I really pity u, because then u are not only low IQ, but also have eye problem! So SO SO much CHOICE ! When Tamarind 1000 units complete u SLOOOOWLY sell OK? Haha!

  28. Lol
    April 11th, 2017 at 07:41 | #28

    I have invested quite a bit into this location. Best is to do your own research. A lot of people will tell you a lot of things but in the end you have to think the pros and cons. I started with brezza (rm320 psft) , fettes (rm400 psft), then Quayside (rm700sft), then by the sea beachfront (rm1200psft), then Marinox (rm500psft), then tamarind (rm700psft) and I Santorini (rm500psft). So far I am happy with all my purchase. This location is near everything and with the future gurney wharf and island taking shape i have positioned myself to gain from these future developments.

  29. daren
    April 11th, 2017 at 09:37 | #29

    Bull shit !! Buy super condolah, orang kaya! Tipu pandai.
    If Tsunami come to visit one day, all the prices for this area properties will drop like hell, lelong also no buyers to buy then u will eat your own banana. Hahaha!!!

  30. I0I
    April 11th, 2017 at 10:28 | #30

    @Lol

    I fully agree with you.

  31. raymond
    April 11th, 2017 at 10:46 | #31

    @Lol

    From your list of investments, not all are fantastic buys. Some are very good, some are so so. But average out, you’re ok. You could have done better.

  32. BY
    April 11th, 2017 at 22:59 | #32

    @Lol

    Good buys!

  33. Lol
    April 12th, 2017 at 07:03 | #33

    @raymond
    So far I am happy with all of them. They are giving me good appreciations and good yields. Even by the sea at rm1200psft, I am doing homestay there and I get rm6k on low Seasons and rm15k on peak seasons. Easily rm100k a year return in rental. Marinox appreciated as well.

  34. raymond
    April 12th, 2017 at 07:20 | #34

    @Lol

    I have a friend whose unit at by the sea yields him only ~30% of what you get, plus he is complaining about how the furniture is getting worn out fast, so replacement cost is a significant cost. For Marinox, “price appreciation” is very “abstract” as there is price, but no market. With your wealth, I am very sure you have the holding power, can always say “if not the right price, I won’t sell”. I have friends who have held on to certain properties for 15-20 years, can’t sell, can’t rent out due to certain poor attributes, but still declare “appreciated”, “happy with the investment”and all the rubbish. C’mon, let’s be real. The key point should be, “could he have done better”?

  35. kekpo
    April 12th, 2017 at 14:00 | #35

    YES! Agreed!
    No wonderlah! A lot of properties in Penang waiting for sell but no demand due to oversupplied especially now market slow down. Paying the loan interest is a big burden unless u buy cashlah.
    Homestay is illegal, actually state goverment should enforce it. If neighbour complain then zero income. Hehehe!!!!

  36. May
    April 12th, 2017 at 19:56 | #36

    Bug :
    @gina There is no prefect deal for buying a property. Location itself will do the talking when the time comes. Let’s see the future value after 5 years. I can see min value of The Tamarind would be more than 1 mil which cable to sell to foreigner. Those who bought 700-800k are definitely making money after 5 years. Years back people told me Bayswater RM250k was very pricey luckily I choose to believe my ‘common sense’ guess what now? I am enjoying RM2500 rental monthly higher than MONEY GAME lo without any risks. People offered me RM800k I refused. STP and Tanjung Bungah are the most sought after address in Penang for foreigners. 1 mil for them are just peanut. Hoping government not changing the rule that min purchase for condo in island to 2 mil.

    5 years interest more than RM300k. You need to sell at 1.1 mil to breakeven.

  37. Lol
    April 12th, 2017 at 20:59 | #37

    @raymond
    If I am not wrong the reason why your friend is getting only 30% of what I am getting is because 35% of his earnings goes to the agent as commission. On the other hand, only 5% goes to my maid, I do the online marketing myself and it is quite simple. My furniture are still as good as new after almost 2 years. During the Middle East season, a night can easily go for rm1000. There are agents that have like 25 units under them and they make easily rm10-20k a month as commissions alone. Marinox I bought at rm500psft on top of that I received late delivery compensation of rm70k from the developer. I am sure I got a good deal. I think location is very important, if your friend bought at an expat area then it would be easier to sell later on. I invest only in Tg Bungah, Tg tokong, gurney, pulau tikus and town area. I will never go south or batu kawan for that matter.

  38. Tang
    April 12th, 2017 at 22:51 | #38

    Bro, I am renting out my unit…@May

  39. Freshwater Bay
    April 12th, 2017 at 23:14 | #39

    Wah so much HOT AIR here who turn on the heater?! If rental really so red hot at Quayside wonder why recently quite a few units on the bank auction market? The latest one is 990k for 1132 sqft! Recently Gurney the beach supercondo also got auction! Miami Green got auction 1615 sqft for 810k! lol so cash rich go and buy a few more lah! Or is it all paper value only? For BNB, what makes your unit special from the 1000 other units available? The will only be more competion and just like uber, a race to the bottom! By the sea really so easy and the security is really so bad that diferent people can come and go from this homestay? 6k per month so high turnover? How much kopi o money for the guard?? hahahahah

  40. ranee
    April 13th, 2017 at 00:04 | #40

    @Lol
    You did mentioned you had invested i-Santorini which is belonged to affordable housing development. From your previous statement definitely you were not eligible for it.
    Or else the state executive councillor Mr Jagdeep Singh Deo had claimed for failing his duty.

  41. I0l
    April 13th, 2017 at 00:32 | #41

    @ranee

    I Santorini open for public units selling at RM430K, RM448K and RM460K.

  42. Lol
    April 13th, 2017 at 05:42 | #42

    @Freshwater Bay
    It is beachfront, the only beachfront located between hard rock and park royal for homestay. Security is good. They register the guests and take down their passport details. Rm6k is low season but high season is rm15k. A year averaging rm100k sales and above.

  43. toyo
    April 13th, 2017 at 07:14 | #43

    @Lol

    You said ” I invest only in Tg Bungah, Tg tokong, gurney, pulau tikus and town area”, did you invest in Alila-2? Pls tell me you did, and tell me you’re very happy with your investment, and happy to see the father and son having nasi kandar in their orange suits.

  44. SK
    April 14th, 2017 at 12:37 | #44

    @Tang

    You need to renovate before you can rent it out. Those are cash.

  45. filterfren
    April 17th, 2017 at 08:55 | #45

    I will eleviate the concerns many have over this TNB remitting radiation.

    The truth is that anything that makes, sends or uses electricity gives off extremely low frequency (ELF) radiation. There’s absolutely No Proof that it causes cancer. If you live close to a power station and you’re worrried, get a gizmo called a gaussmeter. You can use it to measure the ELF fields near you. So this is all a ‘ limited concern’ – nothing to be worried of.

    There are so many actual causes of cancer in a world we live in today. Cheers!

  46. Michael
    April 19th, 2017 at 18:31 | #46

    Anyone managed to cancel their unit at tower B?

  47. Jasper Tan
    April 20th, 2017 at 15:23 | #47

    No point cancel my unit which not facing towards the tnb station,cancel with huge penalty at the end no profit gain and waste of money & effort.

    Rather hold for few years and sell in future

  48. Cindy
    April 21st, 2017 at 17:13 | #48

    How about those facing the tnb – anyone managed to cancel without penalty?

  49. Phang
    April 21st, 2017 at 22:25 | #49

    Frankly speaking, no company will take back its sold unit especially during such difficult times. Even if you have a buyer now I’m not sure whether sub-sale is possible during construction.

  50. filterfren
    April 23rd, 2017 at 01:58 | #50

    Even if they cancel a purchase, they will tell the affected buyer to be discreet about it.

  51. Malcolm
    April 24th, 2017 at 11:24 | #51

    Do you seriously think E&O will take back sold unit from your hands especially those bad facing? Anyone with a logical mind will know the answer. We live in a real world. Sometimes you win sometimes you lose. So for those who have bought facing tnb, the bright side is you got it slightly cheaper than Block A buyers but whether there is any health hazard, you will need to take the risk.

  52. filterfren
    April 24th, 2017 at 23:47 | #52

    The mere sight itself, of this gigantic transformer is an eye-sore, be it from a high or low floor of the residential units.

  53. Vince Ng
    April 25th, 2017 at 11:40 | #53

    For those high floor units facing pool view no worries,if 1200sqf+ even better as limited units,for those facing tnb i believe no special unit right? all 1047sqf……….. low floor jialat

  54. roland
    April 25th, 2017 at 13:40 | #54

    @filterfren

    Actually, not only the sight of substation, no matter from which angle I look at Tower B, there seems to be a problem. For stack 1,3,5,7, it is bloody hot with afternoon sun shining directly at it. For stack 9,11,11A,15,17,18,19, all will be affected by noise from the soon-to-be-built highway right in front.

  55. Dave
    April 25th, 2017 at 16:05 | #55

    Block b has the splendid view of gurney.

  56. Suzy Lee
    April 25th, 2017 at 18:22 | #56

    I will never take the risk of harming my family’s health for view. So what if you have Gurney view but it could be hazardous to stay. Choose another unit that has normal view but can sleep soundly at night instead of worrying if got ill effect.

  57. Longest
    April 26th, 2017 at 13:50 | #57

    My unit block B, 1B-08-08… nice number as B looks like 8 so my unit would be 1888, cantonese translate ‘every day prosperity’ near to lifts, see view for the best 5 years. follow selling price, 2 carparks.

  58. Lam
    April 26th, 2017 at 17:18 | #58

    Longest :My unit block B, 1B-08-08… nice number as B looks like 8 so my unit would be 1888, cantonese translate ‘every day prosperity’ near to lifts, see view for the best 5 years. follow selling price, 2 carparks.

    really 1888 as it gets energized by the super big TNB station. Your unit is low floor facing TNB substation, good luck in selling it.

  59. Phang
    April 26th, 2017 at 23:02 | #59

    Are you selling?

  60. Longest
    April 27th, 2017 at 01:10 | #60

    @Phang Yes sir, RM790k, help me ask around if anyone interested tq

  61. kapdf
    April 27th, 2017 at 07:20 | #61

    @Longest

    Yours is a very good unit, I offer you 980k. Can?

  62. Longest
    April 27th, 2017 at 13:04 | #62

    @kapdf R u serious? I am serious I can bear all the SPA documentation fee and stamp duty… how to reach u ?

  63. kapdf
    April 27th, 2017 at 13:27 | #63

    @Longest
    Sorry. Typo. I mean 780k. It will be good if this price include all SPA doc fee and stamp duty. Can?

  64. kapdf
    April 27th, 2017 at 15:31 | #64

    @Longest

    Oh no sorry. Something wrong with my keyboard. I meant 580k, SPA doc and stamp duty I bear.

  65. Baby lim
    April 27th, 2017 at 22:26 | #65

    Ur so funny. U can only get the deal in balik Pulau with this price wtf@kapdf

  66. Kepo
    April 28th, 2017 at 10:40 | #66

    @kapdf
    you can buy i-santorini (460k) and still have some balance (120k) for renovation :)

  67. Jarvis
    April 28th, 2017 at 10:43 | #67

    @kapdf

    You’re quite the joker . Who the hell is going to take a 200k loss just like that?

  68. ==
    April 28th, 2017 at 12:49 | #68

    kapdf :
    @Longest
    Oh no sorry. Something wrong with my keyboard. I meant 580k, SPA doc and stamp duty I bear.

    I let go 380k only, interested?

  69. kapdf
    April 28th, 2017 at 13:35 | #69

    @Jarvis

    You mean a life in Msia is worth less than 200k??

  70. kapdf
    April 28th, 2017 at 13:38 | #70

    @Jarvis, we’re talking about cancer here.

  71. Kepo
    April 28th, 2017 at 14:02 | #71

    @kapdf
    toilet 50k only, interested?

  72. Phang
    May 1st, 2017 at 13:28 | #72

    On Saturday saw pilling work on going at sub-station site. Surprised no major complaints from tower B residences to the relevant authorities so far. Such a pity but for those who got it cheap, I think it should be OK.

  73. kapchai
    May 1st, 2017 at 17:58 | #73

    @Phang

    Got it cheap?? No one got anything cheap at Tamarind. It’s a big rip-off. E&O needs to rip people off to sustain itself otherwise not enough cash.

  74. Longest
    May 1st, 2017 at 23:54 | #74

    My unit block B, 1B-08-08… nice number as B looks like 8 so my unit would be 1888, cantonese translate ‘every day prosperity’ near to lifts, see view for the best 5 years. follow selling price, 2 carparks. Interested pm ya

  75. Phang
    May 2nd, 2017 at 21:11 | #75

    @kapchai
    Agree. This project is not cheap alright but it depends on how you see it. Just to compare.
    I-Santorini comes with bare unit plus some renovation may exceeds 500k and its leasehold under affordable category. Tamarind is built by a reputable developer with good workmanship and quality products. Nowadays things are not cheap anyway. Just my comparison. Probably the TNB issue may have some unhappy purchaser.

  76. filterfren
    May 2nd, 2017 at 21:14 | #76

    What is your cost price?

  77. kapchai
    May 3rd, 2017 at 07:25 | #77

    @Phang

    If you are a short term flipper, Tamarind gives you the full freedom of flipping, of course, can flip or not in a slow market will be another question. Whereas for Santorini, there would be some restrictions for a few years I believe before you can buy/sell in a free market.

    E&O, reputable for workmanship & quality? I think it is over-rated. The so-called workmanship and quality for Tamarind will surely not be enough to make up for the shortcomings caused by TNB substation, noisy highway in front and the big smelly noisy exhaust fans at Jazz hotel.

  78. Vince Ng
    May 4th, 2017 at 17:02 | #78

    For those who bought facing pool view and high floor owner,can arrange pre-oc sale agreement,
    only keen for 1200sqf and 1047sqf above 20th floor.
    quote your price out and contact,or drop to my email vincengzkk8@hotmail.com

    No email spam ,thank you.

  79. mrs.yong
    May 17th, 2017 at 10:03 | #79
  80. yh
    May 24th, 2017 at 23:54 | #80

    Tamarind definitely will not a good buy for investment.
    1) Rental Return estimately only RM1500-2200
    2) Selling Price 900k-1mil?. Jazz Residence selling at below 1.1mil also facing a hard time to sell.
    3) Tamarind i classified its as Medium High Range property, with such high density, I as an investor or buyer, it totally will out of my consideration list.

    Seri Tanjung Pinang Property no longer a good investment if you looking to buy one now. People bought at STP because of its title, but if E&O can build a over 1xxx unit now, it could have another high density affordable housing or low medium cost on the reclaimed land or future STP2 reclaim land.

    From what I knew, it will be approximately 12,000 unit of house including affordable house on the STP2 reclaim land.

    Gurney / Seri Tanjung Pinang will slowly lost it title and quality of living, and people have more choices when choosing property on this area. Property Price will face a very huge challenge and depreciation.

  81. Phang
    May 28th, 2017 at 22:34 | #81

    This project suits more who bought for own stay than rental based on current market situation. Times have changed and nothing is permanent. Affordable homes below 500k are most popular now and those above 1 million are beyond reach except from foreigners. I won’t be surprise E&O STP2 would include those cheaper units. Despite all this, heard Tamarind price have increased a lot.

  82. filterfren
    June 2nd, 2017 at 00:05 | #82

    Can anyone tell me how many storey the buildings are for Tower A and B?

  83. Lam
    June 2nd, 2017 at 12:33 | #83

    total 33 storeys.

    now already build until 25-27 storeys.

  84. Phang
    June 2nd, 2017 at 22:06 | #84

    By year end it could reach the roof top I guess at the current rate with high tech equipment they are using for this project.

  85. filterfren
    June 2nd, 2017 at 23:27 | #85

    Thanks, Lam.

  86. filterfren
    June 2nd, 2017 at 23:31 | #86

    @Phang
    Rooftop completion is projected for completion for on or before 08 Sept 2017.

  87. filterfren
    June 4th, 2017 at 11:46 | #87

    Typo………….. should read as 28 Sep 2017.

  88. Chloe
    June 15th, 2017 at 18:43 | #88

    @Phang
    is it possible and safe to sub-sale through a lawyer by signing a SPA by both parties?

  89. Phang
    June 16th, 2017 at 10:58 | #89

    Developers normally would not encourage any sub-sale during construction period until their project is completed. The risk is still there.

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