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Penang, Timur Laut, 17

THE WATERFRONT (RATU MUTIARA)

Area Intelligence
Median Price
RM 850,000
PSF: RM 414
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Residential PSF Trends

Median Price

RM 850,000

PSF: RM 414

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.

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THE WATERFRONT (RATU MUTIARA), Timur Laut, Penang

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Transactions

4 transactions grouped by size

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Grouped View Individual View
1,450 sqft
Condo/Apartment
RM 600,000
Level 4
1,464 sqft · RM 410 PSF
1,500 sqft
Condo/Apartment
RM 620,000
Level 8
1,485 sqft · RM 417 PSF
2,900 sqft
Condo/Apartment
RM 1,250,000
Level 18
2,906 sqft · RM 430 PSF
2,950 sqft
Condo/Apartment
RM 1,080,000
Level 7
2,928 sqft · RM 369 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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