QUAY WEST RESIDENCE

QUAY WEST RESIDENCE in Timur Laut, Penang recorded 13 subsale transactions in 2024, with a median price of RM 680K and a median price per square foot (PSF) of RM 815.

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 680K, with most transactions falling within a stable range of RM 515K to RM 849K, and a typical market range of RM 515K to RM 861K.

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

The median PSF stands at RM 815, with core pricing between RM 705 and RM 925. Market pricing typically extends from RM 763.38 to RM 866.63, reflecting moderate variation in unit pricing. With an IQR of RM 103.25 and MAD of RM 110, 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.