ICONIC SKIES

ICONIC SKIES in Timur Laut, Penang recorded 34 subsale transactions in 2022, with a median price of RM 898K and a median price per square foot (PSF) of RM 658.

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 898K, with most transactions falling within a stable range of RM 828K to RM 968K, and a typical market range of RM 784K to RM 1.01 million.

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

For price per square foot, the median is RM 658, with most transactions between RM 608 and RM 708. The usual range is RM 595.25 to RM 719.75, showing that most units are priced quite close to each other. With an IQR of RM 124.50 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. Moderate transaction volume may require patience when buying or selling.