QUAY WEST RESIDENCE

QUAY WEST RESIDENCE in Timur Laut, Penang recorded 50 subsale transactions in 2023, with a median price of RM 549K and a median price per square foot (PSF) of RM 787.

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 549K, with most transactions falling within a stable range of RM 450K to RM 811K, and a typical market range of RM 450K to RM 730K.

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

The median PSF stands at RM 787, with core pricing between RM 705 and RM 868. Market pricing typically extends from RM 734.88 to RM 838.13, reflecting moderate variation in unit pricing. With an IQR of RM 103.25 and MAD of RM 81, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.