Penang
Timur Laut
13
SUNNY POINT

SUNNY POINT

Area Intelligence

2024

Median Price

RM 745,000

PSF: RM 822

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Commercial PSF Trends

Median Price

RM 745,000

RM 822 PSF

SUNNY POINT in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 745K and a median price per square foot (PSF) of RM 822.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 745K, with most transactions falling within a stable range of RM 500K to RM 990K, and a typical market range of RM 625K to RM 865K.

Most transactions involved office lot, though some variety exists in the market.

Price per square foot shows a median of RM 822, though individual units vary from RM 465 to RM 1,179 in the core range. The broader market spans RM 632.75 to RM 1,011.25, indicating diverse property characteristics. A wider spread (IQR: RM 378.50) and deviation (MAD: RM 357) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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SUNNY POINT, Timur Laut, Penang

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