Penang
Seberang Perai Utara
Butterworth
OCEAN VIEW RESIDENCES

Penang, Seberang Perai Utara, Butterworth

OCEAN VIEW RESIDENCES

Area Intelligence

Median Price

RM 395,000

PSF: RM 357

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Residential PSF Trends

Median Price

RM 410,000

PSF: RM 370

Commercial PSF Trends

Median Price

RM 320,000

RM 283 PSF

OCEAN VIEW RESIDENCES in Seberang Perai Utara, Penang recorded 10 subsale transactions between 2021 and 2025, with a median price of RM 395K and a median price per square foot (PSF) of RM 357.

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 395K, with most transactions falling within a stable range of RM 342K to RM 448K, and a typical market range of RM 360K to RM 430K.

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

The median PSF stands at RM 357, with core pricing between RM 308 and RM 405. Market pricing typically extends from RM 320.50 to RM 392.50, reflecting moderate variation in unit pricing. With an IQR of RM 72.00 and MAD of RM 48, 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.

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OCEAN VIEW RESIDENCES, Seberang Perai Utara, Penang

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Transactions

10 transactions grouped by size

Popular Ranges

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

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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

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Road	Price	Land PSF	Land	Date	Type

1,100 sqft

Condo/Apartment

1,100 sqft

Condo/Apartment

RM 420,000

Level 10

1,109 sqft · RM 379 PSF

Aug 2024

RM 420,000

Level 15

1,109 sqft · RM 379 PSF

Jul 2023

RM 415,000

Level 22

1,109 sqft · RM 374 PSF

Jul 2023

RM 330,000

Level 23

1,109 sqft · RM 298 PSF

Jun 2023

RM 380,000

Level 28

1,109 sqft · RM 343 PSF

Apr 2023

RM 328,000

Level 7

1,109 sqft · RM 296 PSF

Dec 2022

Level 10	RM 420,000	RM 379	1,109 sqft	Aug 2024
Level 15	RM 420,000	RM 379	1,109 sqft	Jul 2023
Level 22	RM 415,000	RM 374	1,109 sqft	Jul 2023
Level 23	RM 330,000	RM 298	1,109 sqft	Jun 2023
Level 28	RM 380,000	RM 343	1,109 sqft	Apr 2023
Level 7	RM 328,000	RM 296	1,109 sqft	Dec 2022