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 298K to RM 338K, and a typical market range of RM 303K to RM 333K.

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

For price per square foot, the median is RM 447, with most transactions between RM 419 and RM 476. The usual range is RM 425.50 to RM 468.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 43.00 and an average deviation (MAD) of RM 29 indicate a highly stable PSF trend across properties.

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.