QUAY WEST RESIDENCE

QUAY WEST RESIDENCE in Timur Laut, Penang recorded 50 subsale transactions in 2023, with a median price of RM 549K and a median price per square foot (PSF) of RM 787.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 549K, with most transactions falling within a stable range of RM 454K to RM 644K, and a typical market range of RM 368K to RM 730K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 787, with most transactions between RM 734 and RM 839. The usual range is RM 734.88 to RM 838.13, showing that most units are priced quite close to each other. With an IQR of RM 103.25 and MAD of RM 53, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.