SEA VIEW TOWER

SEA VIEW TOWER in Seberang Perai Utara, Penang recorded 11 subsale transactions in 2022, with a median price of RM 355K and a median price per square foot (PSF) of RM 330.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 355K, with most transactions falling within a stable range of RM 296K to RM 414K, and a typical market range of RM 320K to RM 390K.

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

The median PSF stands at RM 330, with core pricing between RM 275 and RM 385. Market pricing typically extends from RM 298.38 to RM 361.63, reflecting moderate variation in unit pricing. The spread of RM 63.25 (IQR) and deviation of RM 55 (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.