VST Group (Visentak Development Sdn Bhd)
Mont Residence
Mount Erskine
From
RM 550K
RM 555–897 PSF · Completion 2018
Tenure
freehold
Title
residential
Total Units
473
Completion
2018
- From
- RM 550K
- PSF
- RM 555–897
- Tenure
- freehold
- Total units
- 473
- Status
- completed
- Completion
- 2018
Zac’s Take
Zac Ong
Mont Residence sits on the Mount Erskine plateau — freehold residential title, 5.15 acres, 2 blocks of 38 floors, 473 units total. VST Group is the developer (you may know them from Lumina), and execution quality here is consistent with their track record.
Two straight-forward layouts: 972 sqft (3-bedroom) at the entry price and 1226 sqft for slightly more space. 4 lifts per block keeps elevator wait reasonable. Maintenance is light at roughly RM 0.25 psf.
My honest take: Mount Erskine isn't Gurney prestige and isn't Tanjung Tokong's growth corridor — it's the workhorse middle ground. That makes Mont Residence a fair-priced freehold play if you want a clean modern condo without paying north-shore premiums. Best fit for own-stay couples and small families who work in town. Ask me which stack faces north for the morning light vs the units overlooking the road.
Mont Residence unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| A | 3-bedroom | 972 | 0 | 2 |
| B | 3-bedroom | 1,226 | 0 | 2 |
| Total | 0 | |||
Building specifications
- Blocks
- 2
- Floors
- 38
- Total units
- 473
- Lifts per floor
- 4
- Maint. fee
- RM0.25/sqft
- Security tiers
- 4-tier
Facilities
What's nearby
🏥 Healthcare
- Penang Adventist Hospital2.8km
- Gleneagles Hospital Penang3.5km
- Island Hospital Penang4.0km
🎓 Schools
- SJK(C) Hun Bin2.4km
- SK Tanjung Tokong2.0km
- Phor Tay Private High School2.5km
- Stonyhurst International School Penang3.0km
🛍 Shopping
- Island Plaza1.5km
- Gurney Plaza3.0km
- Straits Quay4.0km
End-financing panel banks
Banks pre-approved for Mont Residence — approach any of these for a faster loan approval process.
Pre-approved banks as at launch. Confirm current status with your preferred bank directly.
Monthly Instalment Calculator
Monthly Instalment
RM 2,222
Total Interest
RM 438,040
Total Outlay
RM 988,040
Mount Erskine — area snapshot
Full area guide →Price range
RM 200K – RM 600K
asking prices in area
Active projects
0
selling or under construction
Subsale condos
4
completed projects
Total tracked
5
properties in this area
Other projects in Mount Erskine
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 55,000 |
| SPA stamp duty | RM 10,500 |
| SPA legal fee | RM 6,750 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 10,500 |
| Loan stamp duty (0.5%) | RM 2,475 |
| Loan agreement legal fee | RM 2,475 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 90,700 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
How much is Mont Residence?
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Is Mont Residence freehold or leasehold?
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When is the expected completion / VP?
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What is the maintenance fee?
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Who is the developer of Mont Residence?
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From
RM 550K
Mont Residence