ICONIC SKIES in Timur Laut, Penang recorded 6 subsale transactions between 2021 and 2025, with a median price of RM 548K and a median price per square foot (PSF) of RM 613.
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 548K, with most transactions falling within a stable range of RM 507K to RM 588K, and a typical market range of RM 485K to RM 600K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 613, with most transactions between RM 568 and RM 658. The usual range is RM 554.00 to RM 672.00, showing that most units are priced quite close to each other. With an IQR of RM 118.00 and MAD of RM 45, 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.