Ivory Properties
The Peak Residences
Mount Erskine
From
RM 450K
RM 418–680 PSF · Completion 2011
Tenure
freehold
Title
TBC
Total Units
600
Completion
2011
- From
- RM 450K
- PSF
- RM 418–680
- Tenure
- freehold
- Total units
- 600
- Status
- completed
- Completion
- 2011
Project Tracking
We're tracking The Peak Residences — not yet personally reviewed by Zac
This project is in our database from public sources (3 sources) from Ivory Properties. Full pricing, floor plans, unit availability and Zac's honest take are available on direct request — most developers update pricing weekly and we share the current numbers immediately.
- 📋 Latest price list & available unit types
- 🏗️ Current construction stage and photos
- 💬 Zac's honest assessment for your situation
- 📞 Direct introduction to the developer if you want to view
Facilities
What's nearby
🏥 Healthcare
- Island Hospital3.2km
- Gleneagles Hospital Penang4.2km
🎓 Schools
- Sekolah Kebangsaan Mount Erskine1.0km
- Penang Chinese Girls' Private High School2.5km
- St Xavier's Institution3.0km
🛍 Shopping
- Island Plaza3.0km
- Gurney Plaza3.8km
- Gurney Paragon4.0km
Monthly Instalment Calculator
Monthly Instalment
RM 1,818
Total Interest
RM 358,397
Total Outlay
RM 808,397
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 45,000 |
| SPA stamp duty | RM 8,000 |
| SPA legal fee | RM 5,625 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 8,000 |
| Loan stamp duty (0.5%) | RM 2,025 |
| Loan agreement legal fee | RM 2,025 |
| Valuation fee | RM 1,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 72,675 |
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 The Peak Residences?
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Is The Peak Residences freehold or leasehold?
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When is the expected completion / VP?
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Who is the developer of The Peak Residences?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 450K
The Peak Residences