SRI RELAU (MARINA TOWER)

SRI RELAU (MARINA TOWER) in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 318K and a median price per square foot (PSF) of RM 447.

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 318K, with most transactions falling within a stable range of RM 285K to RM 350K, and a typical market range of RM 303K to RM 333K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 447, with core pricing between RM 401 and RM 493. Market pricing typically extends from RM 425.50 to RM 468.50, reflecting moderate variation in unit pricing. With an IQR of RM 43.00 and MAD of RM 46, 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.