QUAY WEST RESIDENCE

QUAY WEST RESIDENCE in Timur Laut, Penang recorded 47 subsale transactions between 2021 and 2025, with a median price of RM 515K and a median price per square foot (PSF) of RM 792.

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 515K, with most transactions falling within a stable range of RM 458K to RM 572K, and a typical market range of RM 450K to RM 696K.

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

The median PSF stands at RM 792, with core pricing between RM 705 and RM 879. Market pricing typically extends from RM 740.38 to RM 843.63, reflecting moderate variation in unit pricing. With an IQR of RM 103.25 and MAD of RM 87, 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. Moderate transaction volume may require patience when buying or selling.