Grace Residence
Timur Laut, Penang · High-rise (condo, apartment, flat) · Freehold
Homes in Grace Residence have sold for a median of
RM860,000
RM626 psf on the recorded floor area
Half of the 37 recorded sales fell between RM780,000 and RM950,000. One in ten went under RM691,000, one in ten over RM1,000,000. Sales run from 22 October 2021 to 6 October 2025.
Down 7% from a RM925,000 median in 2022 to RM859,000 in 2024.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What high-rise (condo, apartment, flat) sell for across Penang, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as high-rise (condo, apartment, flat) under a Freehold title. High-rise parcels are usually strata: you own the parcel plus a share of the common parts, and price per square foot is how buyers compare units of different sizes. Monthly charges and the sinking fund sit on top of the purchase price — see maintenance fee and sinking fund.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM900,000 | RM626 psf | 4 |
| 2022 | RM925,000 | RM633 psf | 14 |
| 2023 | RM820,000 | RM566 psf | 6 |
| 2024 | RM859,000 | RM633 psf | 12 |
| 2025 | RM835,000 | RM669 psf | 1 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other high-rise (condo, apartment, flat) schemes in Timur Laut with enough recorded sales, cheapest first. By median sold price, Grace Residence sits 132 of 154 in that set.
125 cheaper schemes above
16 dearer schemes below
Against Penang
Across Penang, the median recorded sale for high-rise (condo, apartment, flat) is RM300,000 (RM391 psf), from 5,184 sales. Grace Residence’s own median is RM860,000 — higher than that state median. Full Penang table.
Cash and monthly on the RM860,000 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM86,000
- Transfer duty (MOT): RM19,800
- Loan duty (0.5%): RM3,870
- Total cash: RM109,670
Monthly carry
- Instalment (35y @ 4.00%): RM3,427
- Total monthly: RM3,427
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Grace Residence sold for?
- A median of RM860,000 (RM626 psf), from 37 land-office transactions between 22 October 2021 and 6 October 2025.
- What is a typical band here?
- Half of recorded sales fell between RM780,000 and RM950,000. One in ten went under RM691,000; one in ten over RM1,000,000.
- Has the median moved?
- From RM925,000 in 2022 to RM859,000 in 2024 (-7%), using only years with five or more sales.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.