MONT RESIDENCE

MONT RESIDENCE in Timur Laut, Penang recorded 16 subsale transactions in 2023, with a median price of RM 765K and a median price per square foot (PSF) of RM 753.

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 765K, with most transactions falling within a stable range of RM 636K to RM 894K, and a typical market range of RM 639K to RM 891K.

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

The median PSF stands at RM 753, with core pricing between RM 660 and RM 847. Market pricing typically extends from RM 669.50 to RM 836.50, reflecting moderate variation in unit pricing. With an IQR of RM 167.00 and MAD of RM 94, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.