QUAY WEST RESIDENCE

QUAY WEST RESIDENCE in Timur Laut, Penang recorded 32 subsale transactions in 2023, with a median price of RM 504K and a median price per square foot (PSF) of RM 776.

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 504K, with most transactions falling within a stable range of RM 409K to RM 599K, and a typical market range of RM 323K to RM 685K.

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

For price per square foot, the median is RM 776, with most transactions between RM 723 and RM 828. The usual range is RM 723.88 to RM 827.13, 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.