Penang
Seberang Perai Utara
Butterworth
OCEAN VIEW RESIDENCES

Penang, Seberang Perai Utara, Butterworth

OCEAN VIEW RESIDENCES

Area Intelligence

2022

Median Price

RM 362,500

PSF: RM 377

Facebook X (Twitter)

Residential PSF Trends

Median Price

RM 362,500

PSF: RM 377

Commercial PSF Trends

Median Price

RM 320,000

RM 283 PSF

OCEAN VIEW RESIDENCES in Seberang Perai Utara, Penang recorded 8 subsale transactions in 2022, with a median price of RM 363K and a median price per square foot (PSF) of RM 377.

This area contains both residential and commercial properties. View 27 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 363K, with most transactions falling within a stable range of RM 328K to RM 414K, and a typical market range of RM 328K to RM 398K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 377, with core pricing between RM 328 and RM 426. Market pricing typically extends from RM 341.00 to RM 413.00, reflecting moderate variation in unit pricing. With an IQR of RM 72.00 and MAD of RM 49, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

Loading map...

OCEAN VIEW RESIDENCES, Seberang Perai Utara, Penang

OSM

Track location

Transactions

8 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 360,000

Level 6

936 sqft • RM 384.00 PSF

Dec 2022

RM 328,000

Level 7

1,109 sqft • RM 296.00 PSF

Dec 2022

RM 338,000

Level 20

1,109 sqft • RM 305.00 PSF

Dec 2022

RM 410,000

Level 13

1,109 sqft • RM 370.00 PSF

Oct 2022

RM 490,000

Level 11

1,109 sqft • RM 442.00 PSF

Sep 2022

RM 400,000

Level 8

936 sqft • RM 427.00 PSF

Aug 2022

RM 365,000

Level 27

936 sqft • RM 390.00 PSF

Jul 2022

RM 330,000

Level 20

936 sqft • RM 352.00 PSF

Feb 2022

Road	Price	Land PSF	Land	Date	Type
Level 6	RM 360,000	RM 384.00	936 sqft	Dec 2022	Condo/Apartment
Level 7	RM 328,000	RM 296.00	1,109 sqft	Dec 2022	Condo/Apartment
Level 20	RM 338,000	RM 305.00	1,109 sqft	Dec 2022	Condo/Apartment
Level 13	RM 410,000	RM 370.00	1,109 sqft	Oct 2022	Condo/Apartment
Level 11	RM 490,000	RM 442.00	1,109 sqft	Sep 2022	Condo/Apartment
Level 8	RM 400,000	RM 427.00	936 sqft	Aug 2022	Condo/Apartment
Level 27	RM 365,000	RM 390.00	936 sqft	Jul 2022	Condo/Apartment
Level 20	RM 330,000	RM 352.00	936 sqft	Feb 2022	Condo/Apartment