Mount Erskine · Subsale Market
The Peak Residences 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.
The Peak Residences is a completed freehold condominium in Mount Erskine, Penang, completed in 2011 by Ivory Properties. It has 600 units. Subsale asking prices start from roughly RM 450K.
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 | 1,000–3,850 | RM450,000 | ~RM450 |
Zac’s Take
Zac Ong
If you want floor area on the island for under half a million ringgit, this is one of the few honest answers left. Ivory Properties opened The Peak Residences in 2011: 600 units at Mount Erskine, freehold, layouts from 1,000 sqft all the way to 3,850 sqft, with 2026 listings from about RM450,000 to RM1.2M. Most units sit below the RM1,000,000 island minimum for foreign purchasers, so the market is domestic. Two honest catches follow. The building is fifteen years old, which makes sinking fund balance, lift replacement history and upper-floor waterproofing diligence items rather than paperwork. And 600 units is a crowd — check the carpark ratio before you fall for the elevation. Check the land title early. Suits an upgrader who values square footage over a new lobby, and a family happy to drive to Island Plaza and Island Hospital. Does not suit an investor after a clean, low-maintenance modern product, or anyone who expects a 2011 building to behave like a 2024 one.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a The Peak Residences 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 The Peak Residences.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How The Peak Residences is priced within Mount Erskine
At roughly RM450 psf, The Peak Residences 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
15 years
Completed 2011
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.
5 things to check before signing the The Peak Residences SPA
- 1.Sinking fund health — Confirm the current balance and whether any special assessment is pending in the next 12 months. A thin sinking fund on an ageing building means you inherit the bill.
- 2.Last 3 maintenance billings — Verify payment is up to date and no dues are outstanding from the seller — arrears transfer with the unit, not the person.
- 3.JMC minutes (last 12 months) — Look for recurring complaints, structural concerns, or planned major works. This is the single most revealing document most buyers never ask for.
- 4.Common-area condition — Physically walk the pool deck, lifts, lobbies, gym and parking ramps. Photograph anything concerning — it is negotiation leverage.
- 5.Management track record — Ask who manages the building and how long they have held the contract. Frequent turnover of managing agents usually signals a difficult JMB.
The Peak Residences price 2026
What The Peak Residences trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM450,000 – RM1.2M |
| Built-up | 1,000 – 3,850 sqft |
| Completed | 2011 |
| Units | 600 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. September–October 2026 listings about RM450,000–1.2M; three-bedroom homes mostly about RM518,000–560,000.
The building is 15 years old. Old enough that the sinking fund and the state of common property matter more than the finishes. Ask for the MC accounts and the last AGM minutes — arrears across the building are the number that predicts your future maintenance bill.
A foreign buyer can purchase here — the RM1M minimum is cleared by the larger units, though not at the entry price. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
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.
The Peak Residences for sale & for rent
Asking rents at The Peak Residences ran from about RM1,700–2,600 a month in September–October 2026, for homes of about 1,000–1,100 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
The Peak Residences key facts
- Developer
- Ivory Properties
- Area
- Mount Erskine, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2011
- Total units
- 600
- Price from
- RM 450K
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
- Mont ResidenceRM590K
- The Latitude @ Mount ErskineRM688K
The Peak Residences subsale — common questions
What is the price of The Peak Residences?
September–October 2026 listings about RM450,000–1.2M; three-bedroom homes mostly about RM518,000–560,000.
Is The Peak Residences freehold or leasehold?
The Peak Residences is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at The Peak Residences?
Yes, on the larger units. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property, which the entry price does not clear. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at The Peak Residences?
Asking rents ran from RM1,700 to RM2,600 a month in September–October 2026, for homes of about 1,000–1,100 sq ft. 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 The Peak Residences completed?
The Peak Residences was completed in 2011 by Ivory Properties, so homes here are bought from existing owners.
How big are the homes at The Peak Residences?
Homes range from about 1,000 to 3,850 sq ft. There are 600 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.