Penang
Seberang Perai Utara
Butterworth
OCEAN VIEW RESIDENCES

Penang, Seberang Perai Utara, Butterworth

OCEAN VIEW RESIDENCES

Area Intelligence

2022

Median Price

RM 374,000

PSF: RM 338

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Residential PSF Trends

Median Price

RM 374,000

PSF: RM 338

Commercial PSF Trends

Median Price

RM 320,000

RM 283 PSF

OCEAN VIEW RESIDENCES in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2022, with a median price of RM 374K and a median price per square foot (PSF) of RM 338.

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 374K, with most transactions falling within a stable range of RM 328K to RM 439K, and a typical market range of RM 339K to RM 409K.

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

The median PSF stands at RM 338, with core pricing between RM 279 and RM 396. Market pricing typically extends from RM 301.50 to RM 373.50, reflecting moderate variation in unit pricing. The spread of RM 72.00 (IQR) and deviation of RM 59 (MAD) suggest moderate price variations reflecting different property features.

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

4 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 328,000

Level 7

1,109 sqft · RM 296 PSF

Dec 2022

RM 338,000

Level 20

1,109 sqft · RM 305 PSF

Dec 2022

RM 410,000

Level 13

1,109 sqft · RM 370 PSF

Oct 2022

RM 490,000

Level 11

1,109 sqft · RM 442 PSF

Sep 2022

Level 7	RM 328,000	RM 296	1,109 sqft	Dec 2022
Level 20	RM 338,000	RM 305	1,109 sqft	Dec 2022
Level 13	RM 410,000	RM 370	1,109 sqft	Oct 2022
Level 11	RM 490,000	RM 442	1,109 sqft	Sep 2022