THE WATERFRONT (RATU MUTIARA)

THE WATERFRONT (RATU MUTIARA) in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2025, with a median price of RM 850K and a median price per square foot (PSF) of RM 414.

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 850K, with most transactions falling within a stable range of RM 610K to RM 1.09 million, and a typical market range of RM 600K to RM 1.10 million.

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

For price per square foot, the median is RM 414, with most transactions between RM 404 and RM 424. The usual range is RM 403.25 to RM 423.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 20.50 and an average deviation (MAD) of RM 10 indicate a highly stable PSF trend across properties.

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.