THE PEAK RESIDENCE

THE PEAK RESIDENCE in Timur Laut, Penang recorded 10 subsale transactions in 2023, with a median price of RM 570K and a median price per square foot (PSF) of RM 535.

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 570K, with most transactions falling within a stable range of RM 470K to RM 676K, and a typical market range of RM 523K to RM 618K.

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

The median PSF stands at RM 535, with core pricing between RM 457 and RM 613. Market pricing typically extends from RM 486.13 to RM 583.88, reflecting moderate variation in unit pricing. With an IQR of RM 97.75 and MAD of RM 78, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.