MONT RESIDENCE

MONT RESIDENCE in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 620K and a median price per square foot (PSF) of RM 718.

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 620K, with most transactions falling within a stable range of RM 485K to RM 755K, and a typical market range of RM 493K to RM 747K.

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

For price per square foot, the median is RM 718, with most transactions between RM 647 and RM 790. The usual range is RM 634.50 to RM 801.50, 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.