Penang
Timur Laut
13
QUAY WEST RESIDENCE

QUAY WEST RESIDENCE

Area Intelligence

2023

Median Price

RM 549,000

PSF: RM 787

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Residential PSF Trends

Median Price

RM 549,000

PSF: RM 787

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 504K to RM 594K, and a typical market range of RM 450K to RM 600K.

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 718 and RM 855. 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 68, 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.

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QUAY WEST RESIDENCE, Timur Laut, Penang

OSM

Track location

Transactions

32 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

Road	Price	Land PSF	Land	Date	Type

650 sqft

Condo/Apartment

650 sqft

Condo/Apartment

RM 495,000

Level 12

650 sqft · RM 762 PSF

Nov 2023

RM 578,000

Level 6

650 sqft · RM 889 PSF

Nov 2023

RM 480,000

Level 19

650 sqft · RM 738 PSF

Oct 2023

RM 540,000

Level 21

650 sqft · RM 831 PSF

Oct 2023

RM 450,000

Level 13

650 sqft · RM 692 PSF

Oct 2023

RM 550,000

Level 13

650 sqft · RM 846 PSF

Sep 2023

Level 12	RM 495,000	RM 762	650 sqft	Nov 2023
Level 6	RM 578,000	RM 889	650 sqft	Nov 2023
Level 19	RM 480,000	RM 738	650 sqft	Oct 2023
Level 21	RM 540,000	RM 831	650 sqft	Oct 2023
Level 13	RM 450,000	RM 692	650 sqft	Oct 2023
Level 13	RM 550,000	RM 846	650 sqft	Sep 2023