Penang
Timur Laut
18
THE PEAK RESIDENCE

THE PEAK RESIDENCE

Area Intelligence

2023

Median Price

RM 570,000

PSF: RM 535

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Residential PSF Trends

Median Price

RM 570,000

PSF: RM 535

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 760K to RM 584K, and a typical market range of RM 760K to RM 615K.

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

Price per square foot shows a median of RM 535, though individual units vary from RM 415 to RM 656 in the core range. The broader market spans RM 487.25 to RM 582.75, indicating diverse property characteristics. The spread of RM 95.50 (IQR) and deviation of RM 121 (MAD) suggest moderate price variations reflecting different property features.

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.

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THE PEAK RESIDENCE, Timur Laut, Penang

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