ICONIC SKIES in Timur Laut, Penang recorded 6 subsale transactions in 2021, with a median price of RM 726K and a median price per square foot (PSF) of RM 572.
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 726K, with most transactions falling within a stable range of RM 531K to RM 920K, and a typical market range of RM 612K to RM 839K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 572, with core pricing between RM 498 and RM 646. Market pricing typically extends from RM 509.75 to RM 634.25, reflecting moderate variation in unit pricing. With an IQR of RM 124.50 and MAD of RM 74, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
