Mount Erskine · Subsale Market
Mont Residence Subsale — Mount Erskine, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Mont Residence is a completed freehold condominium in Mount Erskine, Penang, completed in 2018 by VST Group (Visentak Development Sdn Bhd). It has 473 units. Subsale asking prices currently run about RM507–783 per sq ft, with the typical unit asking around RM 750K (from roughly RM 590K).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-12.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 972–1,237 | RM590,000 | RM507 |
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 take: Mount Erskine isn't Gurney prestige and isn't Tanjung Tokong's growth area — 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 unit faces north for the morning light vs the units overlooking the road.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Mont Residence subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Mount Erskine's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Mont Residence.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Mont Residence is priced within Mount Erskine
At roughly RM507 psf, Mont Residence sits toward the value end of Mount Erskine's condo band (RM450–700 psf). That usually reflects building age, floor level, or distance from the area's prime frontage — worth checking which, because the first two are negotiable and the third is not.
Building age
8 years
Completed 2018
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data — see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
The Mont Residence pre-purchase checklist
- 1.Remaining lease (if leasehold) — Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
Mont Residence price 2026
What Mont Residence trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM590,000 – RM990,000 |
| PSF | RM507 – 783 |
| Built-up | 972 – 1,237 sqft |
| Completed | 2018 |
| Units | 473 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
The building is 8 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
Every unit here sits below the RM1M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
Mont Residence for sale & for rent
Asking rents at Mont Residence ran from about RM2,200–2,600 a month in September–October 2026, for 1,226 sq ft three-bedroom homes. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Mont Residence key facts
- Developer
- VST Group (Visentak Development Sdn Bhd)
- Area
- Mount Erskine, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 2018
- Total units
- 473
- Asking PSF
- RM507–783
- Price from
- RM 590K
Mount Erskine — area snapshot
Full area guide →Price range
RM 300K – RM 688K
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
Other projects in Mount Erskine
All 4 others we track here, cheapest first — all trading sub-sale.
- TRI PinnacleRM300K
- Taman SkyridgeRM320K
- The Peak ResidencesRM450K
- The Latitude @ Mount ErskineRM688K
Mont Residence subsale — common questions
What is the price of Mont Residence?
Mont Residence runs RM590,000 to RM990,000. These are verified sub-sale asking prices, not transacted figures — expect movement between the two. That works out to about RM507–783 per square foot. Checked 2026-10-12.
Is Mont Residence freehold or leasehold?
Mont Residence is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Mont Residence?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and Mont Residence is priced above that. Other foreign buyers need RM1,000,000 for strata property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Mont Residence?
Asking rents ran from RM2,200 to RM2,600 a month in September–October 2026, for 1,226 sq ft three-bedroom homes. These are asking rents on the main property portals, not signed leases. Short-term holiday letting isn't allowed in condos on Penang Island, so think in one- or two-year tenancies.
When was Mont Residence completed?
Mont Residence was completed in 2018 by VST Group (Visentak Development Sdn Bhd), so homes here are bought from existing owners.
How big are the homes at Mont Residence?
Homes range from about 972 to 1,237 sq ft. There are 473 homes in total.
More on the neighbourhood:
Mount Erskine area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.