The Waterfront (Ratu Mutiara) in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2026, with a median price of RM850K and a median price per square foot (PSF) of RM417.

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 RM850K, with most transactions falling within a stable range of RM610K to RM1.09 million, and a typical market range of RM600K to RM1.10 million.

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

For price per square foot, the median is RM417, with most transactions between RM407 and RM427. The usual range is RM407.14 to RM427.64, showing that most units are priced quite close to each other. A typical spread (IQR) of RM20.50 and an average deviation (MAD) of RM10 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.