Penang
Seberang Perai Utara
Butterworth
OCEAN VIEW RESIDENCES

Penang, Seberang Perai Utara, Butterworth

OCEAN VIEW RESIDENCES

Area Intelligence

2023

Median Price

RM 380,000

PSF: RM 343

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Residential PSF Trends

Median Price

RM 397,500

PSF: RM 359

Commercial PSF Trends

Median Price

RM 320,000

RM 283 PSF

OCEAN VIEW RESIDENCES in Seberang Perai Utara, Penang recorded 5 subsale transactions in 2023, with a median price of RM 380K and a median price per square foot (PSF) of RM 343.

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 380K, with most transactions falling within a stable range of RM 338K to RM 420K, and a typical market range of RM 345K to RM 415K.

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

The median PSF stands at RM 343, with core pricing between RM 304 and RM 382. Market pricing typically extends from RM 307.00 to RM 379.00, 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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Transactions

5 transactions grouped by size

Popular Ranges

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

Custom Range

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Max Price (RM)

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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

Custom Range

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Max Size (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 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

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