Penang, Seberang Perai Utara, Butterworth

SEA VIEW TOWER

Area Intelligence

2023

Median Price

RM 301,000

PSF: RM 452

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Residential PSF Trends

Median Price

RM 301,000

PSF: RM 452

SEA VIEW TOWER in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 301K and a median price per square foot (PSF) of RM 452.

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 301K, with most transactions falling within a stable range of RM 290K to RM 312K, and a typical market range of RM 290K to RM 312K.

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

For price per square foot, the median is RM 452, with most transactions between RM 435 and RM 468. The usual range is RM 419.50 to RM 483.50, showing that most units are priced quite close to each other. With an IQR of RM 64.00 and MAD of RM 17, 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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SEA VIEW TOWER, Seberang Perai Utara, Penang

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