OCEAN VIEW RESIDENCES in Seberang Perai Utara, Penang recorded 8 subsale transactions in 2023, with a median price of RM 370K and a median price per square foot (PSF) of RM 359.
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 370K, with most transactions falling within a stable range of RM 329K to RM 411K, and a typical market range of RM 335K to RM 405K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 359, with core pricing between RM 314 and RM 403. Market pricing typically extends from RM 322.50 to RM 394.50, reflecting moderate variation in unit pricing. With an IQR of RM 72.00 and MAD of RM 45, 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.
