MONT RESIDENCE

MONT RESIDENCE in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 750K and a median price per square foot (PSF) of RM 803.

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 750K, with most transactions falling within a stable range of RM 615K to RM 885K, and a typical market range of RM 623K to RM 877K.

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

For price per square foot, the median is RM 803, with most transactions between RM 732 and RM 875. The usual range is RM 719.50 to RM 886.50, showing that most units are priced quite close to each other. With an IQR of RM 167.00 and MAD of RM 72, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.