Mount Erskine · Subsale Market
The Peak Residences Subsale — 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. Subsale asking prices currently run about RM418–680 per sq ft (from roughly RM 450K).
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.
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.
- 2.Last 3 maintenance billings — verify payment is up to date and there are no outstanding dues from the seller.
- 3.JMC minutes (last 12 months) — look for recurring complaints, structural concerns, or planned major works.
- 4.Common-area condition — physically walk the pool deck, lifts, lobbies, gym, and parking ramps. Photo anything concerning for negotiation leverage.
- 5.Internal pipes + electrical — for buildings 10+ years old, ask for a recent plumbing inspection report. Pipe replacement is a five-figure capex you don't want to discover post-VP.
The Peak Residences key facts
- Developer
- Ivory Properties
- Area
- Mount Erskine, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2011
- Total units
- 600
- Asking PSF
- RM418–680
- Price from
- RM 450K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on The Peak Residences:
View full The Peak Residences profile →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
The Peak Residences subsale — common questions
Where is The Peak Residences located?
The Peak Residences is in Mount Erskine, Penang, developed by Ivory Properties and completed in 2011.
Is The Peak Residences freehold or leasehold?
The Peak Residences is freehold.
How much is a The Peak Residences unit?
Subsale asking prices at The Peak Residences start from roughly RM 450K (about RM418–680 psf), varying by floor, view and renovation. WhatsApp Zac for the current shortlist.
What's the typical asking price for a The Peak Residences subsale unit?
Subsale asking prices at The Peak Residences vary by unit floor, view, and renovation level. The most accurate current figures come from active listings — WhatsApp Zac for the live shortlist with prices and floor plans for available units.
Is The Peak Residences a good buy in the subsale market?
The Peak Residences in Mount Erskine is a completed building, which means immediate occupancy, verifiable neighbour quality, established maintenance fees, and a known JMC track record. The case for subsale here is no construction risk and a proven location — versus paying a new-launch premium for an unbuilt unit.
What should I check before signing a subsale SPA at The Peak Residences?
Five things to verify: (1) sinking fund health and any pending special assessments, (2) last 3 maintenance billings and how strict collection is, (3) JMC meeting minutes for the last 12 months, (4) common-area condition (pool, lifts, lobbies), (5) structural age of internal pipes (especially for buildings 10+ years old). Ask the listing agent to provide these as part of the offer process.
Can foreigners buy a The Peak Residences subsale unit?
Yes, subject to Penang state minimums (RM 1,000,000 for stratified properties on Penang Island; RM 600,000 on the mainland) and state consent (typically 2-4 months processing). MM2H holders are treated the same as other foreign buyers for property purchase rules.
How long does a subsale purchase at The Peak Residences take?
Typical timeline: 2-3 weeks from offer acceptance to SPA signing, then 3 months to completion (90-day SPA period). Faster than a new launch because no construction wait. Plan for stamp duty + legal fees (~3-4% of purchase price) at completion.
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.