Crown Penang

Tanjung Tokong/ 12 November 2021 Leave a comment


Crown Penang, a joint venture serviced residence development between Ivory Properties Group and Chin Hin Group Property Berhad at Seri Tanjung Pinang. Strategically located near Jalan Seri Tanjung Pinang, on a 2-acre land between The Tamarind executive apartment and Marinox Sky Villas condominium. It is just a stone’s throw away from Gurney Drive and Straits Quay, with an unobstructed panoramic view of the man-made island of STP2.

This development will see the construction of a 40-storey building, comprising 30 levels of serviced suites and 8 levels of car parking podium.

The project is still in its planning stage and is expected to launch in 2022. More details will be available upon official launch.

Project Name : Crown Penang
Location : Seri Tanjung Pinang, Tanjung Tokong
Property Type : Serviced residence
Tenure: (to be confirmed)
Built-up Size: 495 sq ft to 1,367 sq ft
Total Units : 588
Indicative Price: RM500,000 onwards
Developer : Ivory Properties Group & Chin Hin Group Property Berhad

Register your interest here for updates on this project and other property news

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.
DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.
  1. lim
    January 31st, 2022 at 02:04 | #1

    Hi all. I’m have bought a unit from Ivory (One of the Ivory’s project at Georgetown) at year 2012 and s&p date at 2013. Until today 2022 I still cannot get my key. When I call up to Ivory and no one can give a proper answer. Try to imagine I’m wasting my 10 years time and so much of bank interest. It is always important to purchase your property from a responsible developer. I’m not to gossip or worsen any developer but I’m sharing my real hard felling here. It is because purchase a property is one of the big deal in our life.

    • Wbuy
      October 22nd, 2022 at 22:14 | #2

      Not enough fund kut. under PN17

  2. yong
    February 5th, 2022 at 10:09 | #3

    lim, no point to state here as there is no details information about ur purchase project. Ppl will assume u cari pasal without fact

  3. Worry
    February 5th, 2022 at 10:53 | #4

    I fully understand your feeling & know about your mentioned project. I definitely agree what you said. Unfortunately, i can tell you do prepare as it could be another year without key collection i guess. That’s no any construction works begin since MCO until today also. It may continue soon or later but don’t think can be completed this year even though developer did mention this year.
    It’s important to pick the right developer. And Penang world city project already screw up as land selling piece by piece to other developer to handle. Overall plan already mess & sales are handled by other developer or sales team too.

    • Huh
      October 29th, 2022 at 09:46 | #5

      Why don’t you comment on Tropicana? They were the main developer of world city back in the days.

  4. Willy
    February 5th, 2022 at 11:55 | #6

    Wasnt this piece of land given to Zenith initially by our state gov as a reward for some work (only god knows what work as nothing can be seen!!) done?

  5. lim
    February 5th, 2022 at 18:27 | #7

    Hi Yong. I believe all reader will agree and understand the character from IVORY. Furthermore the building is now standing at Georgetown without any work progress, it should be a strong fact. A unresponsive developer keep delay and delay and all purchasers need to pay the interest every month. We as a customer and have a right to know what happen to your project but unfortunately IVORY they cannot give a proper answer. That is why we need to purchasing property from a good and responsible developer. Don’t invest your hard earn money on wrong person!

    • Huh
      October 29th, 2022 at 09:52 | #8

      Sound like you’re working for another developer lol. their past projects were all completed and I also bought 2 units from them, island resort and Tanjung park. so idk what your comment on character mean. Yes maybe their recent project have delays, but it’s not like they ignore purchasers and did not pay LAD. It’s also not an abandoned project

  6. koyak
    February 7th, 2022 at 16:52 | #9

    Kau pe Kau bo for what?? Claim LAD from developer loh. By the SPA, when should the developer deliver VP to you at the latest, before they are liable to pay you LAD?

    • Gamelan
      October 24th, 2022 at 01:49 | #10

      I bet you don’t know that maximum claim for LAD is only RM50k. Dont think RM50k is enough to cover his losses over so many years. Do your homework before simply give advice.

      • Huh
        October 24th, 2022 at 19:04 | #11

        The wave isn’t a residential project leh. It’s commercial project

  7. koyak
    February 7th, 2022 at 17:12 | #12

    furthermore, LAD rate is 10% of purchase price, definitely much higher than your finance cost, and that should help you recoup some money from this overpriced property. So, don’t complain lah kanina!

  8. lim
    February 7th, 2022 at 22:23 | #13

    Sound like person from developer. Some more got bad word. This is open discussions, everyone have a right to sound out. Im just talking the true and pls don’t used violent. Don’t act like gangster!

  9. MeNotStupid
    February 8th, 2022 at 16:26 | #14

    Koyak, you are from Ivory is it? why so defensive of Ivory? Any how, we all know how “good” is Ivory as a developer.. they have screw Penang ppl a lot of time with their subpar development. Those who are interested in this project, do some research on Ivory before commit anything… I am sure 99% of you guys will no longer interested after done proper research.

    If you want to buy from that area, get something like The Tamarind or Straits Residence there.. It is much better in term of quality.

  10. penangites
    February 8th, 2022 at 19:53 | #15

    Ivory=I worry

  11. Prof Jong
    February 8th, 2022 at 22:16 | #16

    Ya, Ivory’s Times Square is really koyak! I still remember just a few years back when the whole mall there was filled with ALL MBI scam shops, it was practically a scam mall, with our local council turning a blind eye. Ivory also shared same office space with MBI. Are the scammers making a come back here?

  12. Wave
    February 8th, 2022 at 22:45 | #17

    The whole MBI collapse already. And it’s good for every to avoid from those scamers.Times square now back into peaceful rather than flooding with scamer & people from who invest into scheme. It’s more on residential now. I believed the reason of developer delay the project was due to cash flow issue. And don’t forget phase 3 commercial space belong to developer also. If they couldn’t get tenant then they have to delay again due to poor cash flow & not making money for commercial space & still balance unit unsold for condo. Developer is not good in managing commercial lot & city junction is good example also.

  13. City Residence
    February 8th, 2022 at 23:36 | #18

    come buy come buy Crown
    u can wear the crown later

  14. chas
    February 9th, 2022 at 08:28 | #19

    The whole of City Junction was sold to BoonSiew family many years ago. Just so you’re updated.


  15. Max
    February 26th, 2022 at 15:16 | #20

    which developer do you work for? lol. so many purchasers have earned money from their products in the past. are u mad for missing out?

  16. Max
    February 26th, 2022 at 15:18 | #21

    @Prof Jong
    Unfortunately when the whole building has already been sold to third party, not even the developer can control what goes into the building anymore

  17. Max
    February 26th, 2022 at 15:26 | #22

    To be honest, the residential products especially those in Batu Ferringhi are great. Only weakness is the commercial properties that are already sold to someone else that may not do anything with those properties.

  18. tt
    March 14th, 2022 at 16:31 | #23

    if compare to the meg, crown price per square feet more expensive ah. better go for ENO than IVORY. but i no money to pay for the meg downpayment

    • Huh
      October 24th, 2022 at 18:52 | #24

      Crown is actually cheaper than the meg

  19. andyyy
    March 15th, 2022 at 09:45 | #25

    The Meg cannot use to do BnB lar…..it is service residence so for sure the resident there will object kao kao. Also the Meg is fully furnish….so the rental market going to be bloodbath fight.

    for Ivory…..really ‘I Worry’ better run far far…

  20. TheCookies
    March 15th, 2022 at 10:22 | #26


    Ei Ello!

  21. Sam
    March 15th, 2022 at 10:28 | #27


    “I worry” itself is definitely not in good shape, but the fact that it is a public company, so I guess it will be around for quite some time. Their recent purchase of copthorn hotel in Tanjung Bunga for re-development also re-affirms their intention to keep things going. And you are absolutely right about the Meg, fully furnished units = rental bloodbath, especially when the entry barrier is low at RM700k+/-??, making it affordable to TomDickHarry, although psf -wise, it’s definitely not cheap.

  22. PenangPlayBoy
    March 25th, 2022 at 12:59 | #28

    This Ivory is really scums of developers. They yet to get approval from MBPP but already started to take deposit for this project and already in legal violation. I just found out when I plan to put in deposit and luckily checked with my bro in law who is working in MBPP before putting deposit. I advice those who already deposit to demand money back first or at least do your own diligent and asked them to proof that they have the approval from MBPP ( WHICH I GUARANTEE 100% don’t have yet atm). Please check properly before putting in your deposit

    • Huh
      October 24th, 2022 at 18:48 | #29

      Wah isn’t all developers doing the same thing?

  23. I worry.
    April 12th, 2022 at 19:00 | #30

    Developer has very bad cash flow. And even The Wave hanging around for many years. The project stopped since MCO until now still stop. And no respond from developer also even people try to ask when is VP. And initial mentioned was mid of 2022. But i can guarantee if you able to receive the house by year 2023 already very lucky. And building structural itself also keep on aging as no intention to start work anytime soon by developer. Material cost all increase & no money. And even the tenant of work space also unknown. Now they are probably trying to get some cash flow from The Crown. And looking at Queens bay mall front land also up selling for RM700/psf. I worry.

  24. PenangPlayBoy
    April 17th, 2022 at 12:15 | #31

    @I worry.
    This is sad. I was really thinking of buying it due to the location but looking at the developer’s practice and history, it is better to stay away from this project. Only fools will buy this project. A developer that associate themselves with one of the biggest Ponzi scheme in Penang, better run away from them

    • Huh
      October 24th, 2022 at 18:50 | #32

      What history tho? They actually had so many successful projects.

  25. ThePotato
    April 18th, 2022 at 20:09 | #33

    PenangPlayBoy :
    @I worry.
    This is sad. I was really thinking of buying it due to the location but looking at the developer’s practice and history, it is better to stay away from this project. Only fools will buy this project. A developer that associate themselves with one of the biggest Ponzi scheme in Penang, better run away from them

    So what u plan to buy?

    • Wbuy
      October 22nd, 2022 at 22:21 | #34

      The meg. Haha

  26. I worry.
    April 19th, 2022 at 08:41 | #35

    Basically if you look for that area, you don’t need to rush into purchase if no urgent. That’s plenty of project upnext in Andaman. Just wait for a suitable project & go later.

    • Huh
      October 24th, 2022 at 18:47 | #36

      The more you wait, the more expensive and denser it gets haha

  27. PenangPlayBoy
    April 20th, 2022 at 13:32 | #37

    Looking at The Tamarind or Straits Residence but both are quite expensive. For The Tamarind, those with nice view already gone or pricing is quite high price. Straits Residence is a bit over budget for me and only max 2 rooms while I personally prefer 3 rooms.

    • Huh
      October 24th, 2022 at 18:59 | #38

      They all can’t be used for Airbnb tho. Even the Meg isn’t investment friendly. Can’t make it into Airbnb.

  28. Once bitten twice shy
    October 21st, 2022 at 15:57 | #39

    They are under PN17 alert under Bursa – are they still allowed to sell whilst they are under this red flag by the authorities? Latest news widely shared – one of their key subsidiary has defaulted payment of a huge loan with Maybank.
    Experience of an ivory property buyer – watch out for their developed properties, they are ridden with shady management deals and leave you without proper property management services. Terrible standards of maintenance and poor shoddy upkeep is rampant.
    Strata titles of their properties are mostly delayed even after 5 years, mine including – this is prevalent among their developed properties.

    • Wbuy
      October 22nd, 2022 at 22:18 | #40

      Ya man. Shares bought over also aborted n other intestor still dare to buy up. May be they see the potential? Anyway they love to sell foreigner as well
      Those didn’t know anything or lack of research

      • Huh
        October 24th, 2022 at 19:00 | #41

        The project itself is under HDA. So maybe it shouldn’t be an issue. Purchasers are still protected by the act

    • Huh
      October 24th, 2022 at 18:44 | #42

      It’s funny how you ignore their successful past projects and ignore the fact that there are so many private developers out there that are riskier to buy from lol

  29. Wbuy
    October 22nd, 2022 at 22:28 | #43

    The only 2 ways of access road are
    1) within Jalan seri tanjung pinang in which the illegal road side parking is already pain in the ass
    2) via borr ring. High traffic flow already somemore squeeze in developement project? Highway is to ease traffic condition. Not added in stress to road user towards tg bgh n batu feringghi. The Jln tg tk jam is ugly already.

  30. Fong
    October 23rd, 2022 at 13:22 | #44

    Ya, isn’t it ironic that no matter how many new roads you build, like the new Jalan seri tanjung pinang 1 and BORR, it will always end up getting jammed as our MBPP really doesn’t have a clue how to connect intersections in a smart way, only know how to add more traffic lights only. Hopeless.

  31. Lala
    October 25th, 2022 at 12:01 | #45

    Take action on illegal parking, then traffic jam issues in many places will be solved.

  32. PenangPlayBoy
    October 25th, 2022 at 13:42 | #46

    LOL, at this age, still looking at Airbnb as investment? Anyway, buying from Ivory is A BIG RISK. Their previous so called “successful” project was during the property Boom where even a small fry unknown developer can be successful. Now with the current situation, this Ivory can’t sustain, so I won’t buy from them at all

    • Huh
      October 25th, 2022 at 17:02 | #47

      That doesn’t make sense at all. Lol. Airbnb investment is still earning high daily rates. If not, why is the Airbnb company itself so successful? Lol. And to say small fry unknown developer can be successful, look at all the stock prices of the big developers now. Both small and big developers are facing difficulties now. I think you need to do your homework and stop misleading everyone else

  33. PenangPlayBoy
    October 26th, 2022 at 02:18 | #48

    Dude, you better do your own homework. There are so many Airbnb owners that are desperately want to offload their properties.. it is basically an oversupply industry now in Malaysia and other part of the world as well. Airbnb as a whole is of course doing well as they are just a platform without any risk in owning the properties while this risk fall entirely to the property’s owner. I was surprise to see you try to use Airbnb company’s success as a comparison, really blown my mind.. Do let me know what you are smoking? I want that too. LOL.
    On the side note, to make it easier for your understanding, I was actually commenting on the part where you claim on the other commenter ignorance of Ivory’s past previous successful project which is true as most of their previous successful project was done DURING property BOOM where any tom, dick or harry developer can be successful DURING that time, So now Ivory is dying along with those small fry developers due to the economy’s correction with their mismanagement and subpar development. Yes, all the stock prices of developers are not doing great due to current economy situation but not as bad as Ivory. Enlighten me again which other BIG developers that are currently under PN17 and have defaulted their loans ?

    • Huh
      October 29th, 2022 at 09:41 | #49

      First of all, of course people are offloading Airbnb units. Older Airbnb projects already appreciated in value, it makes sense to sell them and take profit. If there’s oversupply, people are offloading at a discount, but that’s not the case. Comparing with company Airbnb is to tell you that Airbnb is a platform in demand. Why is Airbnb successful? Why are people using the platform? Because they get to rent out short term and earn profits la of course. People like to use Airbnb because it allows them to earn more than the regular long term rentals. And regarding the boom, of course it makes sense to be successful by selling during a boom market, everyone will do that. But to say their projects are scam compared to the other developers, I feel that you’re just being salty and just want to bad mouth them lol. Reviews of all their projects are also decent compared to other developed. Ireka corporation went into PN17 as well and they are quite established in the KL market. Recently they even managed to get out of PN17. If you haven’t heard of them, then I think we should just end the conversation to prevent your further saltiness from exploding lol

  34. richard
    October 28th, 2022 at 10:10 | #50


    He’s right. tropicana 218 and straits garden are doing so well with their airbnb. their value increased so much over the years

  35. richard
    October 28th, 2022 at 10:17 | #51

    If you’re not happy, just get back the deposit. Simple as that.

  36. GetBackDeposit
    October 30th, 2022 at 23:25 | #52

    richard :
    If you’re not happy, just get back the deposit. Simple as that.

    Ok Fine
    I get back Deposit

  1. No trackbacks yet.
(You can also Login/Register to submit your comment using unique ID)

Comment Guidelines
  • Avoid political discussion.
  • Comments with inappropriate wordings or personal attack may be moderated or deleted.
  • Developer must register before comment. All anonymous comments claimed to be from developer without registration will be deleted.
  • All advertisement in the comment will be deleted. Please contact us for advertising details.

To advertise your property in this page under "Related Properties for Sale/Rent":
 1. Submit your property at PenangPropertySale.com, it's FREE!
 2. Remember to select "Crown Penang" as the [Related Project]
 (Please do not advertise your property in the comment)