MONT RESIDENCE

MONT RESIDENCE in Timur Laut, Penang recorded 10 subsale transactions in 2024, with a median price of RM 794K and a median price per square foot (PSF) of RM 727.

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 794K, with most transactions falling within a stable range of RM 622K to RM 966K, and a typical market range of RM 668K to RM 920K.

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

The median PSF stands at RM 727, with core pricing between RM 609 and RM 845. Market pricing typically extends from RM 643.50 to RM 810.50, reflecting moderate variation in unit pricing. The spread of RM 167.00 (IQR) and deviation of RM 118 (MAD) suggest moderate price variations reflecting different property features.

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.