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 520K to RM 620K, and a typical market range of RM 525K to RM 615K.

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

For price per square foot, the median is RM 535, with most transactions between RM 487 and RM 583. The usual range is RM 487.25 to RM 582.75, showing that most units are priced quite close to each other. With an IQR of RM 95.50 and MAD of RM 48, 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.