Mount Erskine Β· Subsale Market
The Peak Residences Subsale β Mount Erskine, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
The Peak Residences is a completed freehold condominium in Mount Erskine, Penang, completed in 2011 by Ivory Properties. It has 600 units. It launched from around RM 495K in 2011 β that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at September 2026 β Post-completion transacted prices basis. Last checked 2026-07-20.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,000β3,850 | RM495,000 | RM418 |
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 3 months of SPA. No 36-month construction wait.
Verified surroundings
Mount Erskine's noise levels, traffic, neighbour mix, and JMC quality are known quantities at The Peak Residences.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How The Peak Residences is priced within Mount Erskine
At roughly RM418 psf, The Peak Residences sits toward the value end of Mount Erskine's condo band (RM500β622 psf). That usually reflects building age, floor level, or distance from the area's prime frontage β worth checking which, because the first two are negotiable and the third is not.
Area gross yield
~4.2%
Typical for Mount Erskine condos
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 β 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 β 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 β Verify payment is up to date and no dues are outstanding from the seller β arrears transfer with the unit, not the person.
- 3.JMC minutes (last 12 months) β 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 β Physically walk the pool deck, lifts, lobbies, gym and parking ramps. Photograph anything concerning β it is negotiation leverage.
- 5.Management track record β 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 2026-07-20.
| Asking from | RM495,000+ |
| PSF | RM418 β 680 |
| Built-up | 1,000 β 3,850 sqft |
| Completed | 2011 |
| Units | 600 |
Post-completion transacted range. Asking is not transacted β expect movement between the two.
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 β arrears across the building are the number that predicts your future maintenance bill.
A foreign buyer can purchase here β 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 3β4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep β 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
Looking to buy or rent a unit in The Peak Residences? Asking prices and rents move with the market and with the specific unit β floor, facing, condition β so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
The Peak Residences key facts
- Developer
- Ivory Properties
- Area
- Mount Erskine, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2011
- Total units
- 600
- Asking PSF
- RM418β680
- Price from
- RM 495K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on The Peak Residences:
View full The Peak Residences profile βMount Erskine β area snapshot
Full area guide βPrice range
RM 290K β RM 689K
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 β all trading sub-sale.
- Taman SkyridgeRM290K
- TRI PinnacleRM330K
- Mont ResidenceRM570K
- The Latitude @ Mount ErskineRM689K
The Peak Residences subsale β common questions
What is the price of The Peak Residences?
The Peak Residences runs RM495,000 and up. That is the post-completion transacted range. That works out to about RM418β680 per square foot. Checked 2026-07-20.
Is The Peak Residences freehold or leasehold?
The Peak Residences is freehold. We do not hold the land title class on record β confirm 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, which the entry price does not clear. Add a state levy, a flat 8% stamp duty, and 3β4 months for state consent.
When was The Peak Residences completed?
The Peak Residences completed in 2011, developed by Ivory Properties. Units here trade sub-sale.
How big are the units at The Peak Residences?
Built-ups run 1,000 to 3,850 sq ft. There are 600 units in total.
More on the neighbourhood:
Mount Erskine area guide β schools, transport, PSF, lifestyle scorecard βSubstitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.