LIST

Penang, Timur Laut, 17

THE WATERFRONT (RATU MUTIARA)

Area Intelligence
2024
Median Price
RM 620,000
PSF: RM 410
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Residential PSF Trends

Median Price

RM 620,000

PSF: RM 410

THE WATERFRONT (RATU MUTIARA) in Timur Laut, Penang recorded 3 subsale transactions in 2024, with a median price of RM 620K and a median price per square foot (PSF) of RM 410.

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 620K, with most transactions falling within a stable range of RM 600K to RM 842K, and a typical market range of RM 600K to RM 874K.

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

For price per square foot, the median is RM 410, with most transactions between RM 389 and RM 431. The usual range is RM 399.75 to RM 420.25, 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 21 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. Significant price variations suggest comparing multiple properties and timing the market carefully. 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

3 transactions grouped by size

View Type

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Property Type

All Types
Categories
Residential Commercial
Specific Types
Single Storey Semi-D Single Storey Shop Single Storey Terraced Double Storey Semi-D Double Storey Shop Double Storey Terraced 3-Storey Shop 4-Storey Shop 5-Storey Shop 6-Storey Shop Cluster House Condo/Apartment Bungalow Detached Factory Flat Industrial Unit Low-Cost Flat Low-Cost House Office Lot SOHO/SOFO/SOVO Semi-D Factory Service Apartment Shop/Retail Lot Terraced Factory Town House

Year

All Years 2025 2024 2023 2022 2021
Popular Ranges
Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+
Custom Range
Clear

Size Range (sqft)

Popular Ranges
Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft
Custom Range
Clear
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
2,950 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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