ICONIC SKIES

ICONIC SKIES in Timur Laut, Penang recorded 31 subsale transactions in 2023, with a median price of RM 867K and a median price per square foot (PSF) of RM 628.

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 867K, with most transactions falling within a stable range of RM 797K to RM 937K, and a typical market range of RM 753K to RM 981K.

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

For price per square foot, the median is RM 628, with most transactions between RM 578 and RM 678. The usual range is RM 565.75 to RM 690.25, 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.