MONT RESIDENCE

MONT RESIDENCE in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 660K and a median price per square foot (PSF) of RM 818.

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 660K, with most transactions falling within a stable range of RM 525K to RM 795K, and a typical market range of RM 533K to RM 787K.

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

For price per square foot, the median is RM 818, with most transactions between RM 747 and RM 890. The usual range is RM 734.50 to RM 901.50, 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.