OCEAN VIEW RESIDENCES

Area Intelligence

2023

Median Price

RM 360,000

PSF: RM 384

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Residential PSF Trends

Median Price

RM 360,000

PSF: RM 384

Commercial PSF Trends

Median Price

RM 320,000

RM 283 PSF

OCEAN VIEW RESIDENCES in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 360K and a median price per square foot (PSF) of RM 384.

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 360K, with most transactions falling within a stable range of RM 323K to RM 397K, and a typical market range of RM 325K to RM 395K.

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

The median PSF stands at RM 384, with core pricing between RM 345 and RM 423. Market pricing typically extends from RM 348.00 to RM 420.00, reflecting moderate variation in unit pricing. With an IQR of RM 72.00 and MAD of RM 39, 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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