RM2,580,000 (RM1,470.09 psf)

Park Place was newly completed just last year. The average transaction price for this high-end condo in 2024 was RM1,200 psf. In 2025, the price has remained at RM1,200 psf as of end-August (source: EdgeProp EPIQ).

According to Tony Ong (REN 50512) (017-623 1430) of Reapfield Properties (HQ) Sdn Bhd, the buyer was attracted to the brand-new location and found the unit’s size ideal for a starter family in a good environment. The seller, who had originally purchased the property for investment, was equally motivated to cash out, making it a win-win deal for both parties.

As of end-August, there were 54 sale listings on EdgeProp at Park Place, with an average asking price of RM2,442,148.00 or RM1,473.50 psf, based on built-ups ranging from 1,109 to 3,000 sq ft. For rentals, there were 74 listings, with an average monthly rent of RM9,285.12 or RM5.70 psf, based on built-ups ranging from 1,109 to 2,390 sq ft.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.