Penang
Timur Laut
13
QUAY WEST RESIDENCE

QUAY WEST RESIDENCE

Area Intelligence

2022

Median Price

RM 636,500

PSF: RM 753

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Residential PSF Trends

Median Price

RM 636,500

PSF: RM 753

QUAY WEST RESIDENCE in Timur Laut, Penang recorded 14 subsale transactions in 2022, with a median price of RM 637K and a median price per square foot (PSF) of RM 753.

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 637K, with most transactions falling within a stable range of RM 1.00 million to RM 687K, and a typical market range of RM 1.00 million to RM 817K.

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

For price per square foot, the median is RM 753, with most transactions between RM 715 and RM 790. The usual range is RM 700.88 to RM 804.13, showing that most units are priced quite close to each other. With an IQR of RM 103.25 and MAD of RM 38, 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. Limited transaction history suggests carefully evaluating comparable sales data.

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QUAY WEST RESIDENCE, Timur Laut, Penang

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