SEA VIEW TOWER

SEA VIEW TOWER in Seberang Perai Utara, Penang recorded 15 subsale transactions in 2023, with a median price of RM 400K and a median price per square foot (PSF) of RM 342.

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 400K, with most transactions falling within a stable range of RM 332K to RM 468K, and a typical market range of RM 365K to RM 435K.

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

The median PSF stands at RM 342, with core pricing between RM 292 and RM 392. Market pricing typically extends from RM 310.38 to RM 373.63, reflecting moderate variation in unit pricing. With an IQR of RM 63.25 and MAD of RM 50, 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.