Queens Residences Q1 @ Queens Waterfront
Barat Daya, Penang · High-rise (condo, apartment, flat) · Freehold
Homes in Queens Residences Q1 @ Queens Waterfront have sold for a median of
RM1,080,000
RM1013 psf on the recorded floor area
Half of the 52 recorded sales fell between RM943,718 and RM1,306,185. One in ten went under RM851,000, one in ten over RM1,692,398. Sales run from 13 April 2021 to 18 September 2024.
Up 40% from a RM935,835 median in 2021 to RM1,307,370 in 2024.
On mudah.my right now — 64 ads naming Queens Residences Q1 @ Queens Waterfront
Sellers are asking a median of
RM1292 psf
That is +28% above the RM1013 psf buyers actually paid here across all recorded sales. Same scheme, same kind of home, same floor-area basis.
Ads asking between RM1,100,000 and RM1,550,000 make up the middle half. An ad may still describe a renovated, larger or worse unit than the sales it is compared to, and mudah.my skews to owner and urgent sales — a figure a few percent under the record is common there.
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 | RM935,835 | RM964 psf | 10 |
| 2022 | RM1,130,000 | RM995 psf | 24 |
| 2023 | RM1,080,035 | RM1090 psf | 12 |
| 2024 | RM1,307,370 | RM1189 psf | 6 |
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 Barat Daya with enough recorded sales, cheapest first. By median sold price, Queens Residences Q1 @ Queens Waterfront sits 63 of 64 in that set.
56 cheaper schemes above
Against Penang
Across Penang, the median recorded sale for high-rise (condo, apartment, flat) is RM300,000 (RM391 psf), from 5,184 sales. Queens Residences Q1 @ Queens Waterfront’s own median is RM1,080,000 — higher than that state median. Full Penang table.
Cash and monthly on the RM1,080,000 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%): RM108,000
- Transfer duty (MOT): RM27,200
- Loan duty (0.5%): RM4,860
- Total cash: RM140,060
Monthly carry
- Instalment (35y @ 4.00%): RM4,304
- Total monthly: RM4,304
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Queens Residences Q1 @ Queens Waterfront sold for?
- A median of RM1,080,000 (RM1013 psf), from 52 land-office transactions between 13 April 2021 and 18 September 2024.
- What is a typical band here?
- Half of recorded sales fell between RM943,718 and RM1,306,185. One in ten went under RM851,000; one in ten over RM1,692,398.
- Has the median moved?
- From RM935,835 in 2021 to RM1,307,370 in 2024 (+40%), using only years with five or more sales.
- How do live ads compare?
- Ads naming Queens Residences Q1 @ Queens Waterfront ask a median of RM1292 psf — +28% versus the RM1013 psf buyers paid here. Same scheme match; not a mark-up on every listing.
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.