OCEAN VIEW RESIDENCES

OCEAN VIEW RESIDENCES in Seberang Perai Utara, Penang recorded 8 subsale transactions in 2024, with a median price of RM 327K and a median price per square foot (PSF) of RM 349.

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 327K, with most transactions falling within a stable range of RM 289K to RM 364K, and a typical market range of RM 291K to RM 362K.

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

The median PSF stands at RM 349, with core pricing between RM 313 and RM 385. Market pricing typically extends from RM 312.50 to RM 384.50, reflecting moderate variation in unit pricing. With an IQR of RM 72.00 and MAD of RM 36, 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.