SCOTT RESIDENCE

SCOTT RESIDENCE in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 788K and a median price per square foot (PSF) of RM 945.

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 788K, with most transactions falling within a stable range of RM 523K to RM 1.05 million, and a typical market range of RM 634K to RM 941K.

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

For price per square foot, the median is RM 945, with most transactions between RM 871 and RM 1,019. The usual range is RM 905.75 to RM 984.25, showing that most units are priced quite close to each other. With an IQR of RM 78.50 and MAD of RM 74, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.