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Market Snapshot
ResidentialRM 1,605,000
RM 729 psfMedian transaction price
Island Park, Timur Laut, Penang
Island Park in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, with a median price of RM 1.61 million and a median price per square foot (PSF) of RM 954.
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 1.61 million, with most transactions falling within a stable range of RM 1.53 million to RM 1.68 million, and a typical market range of RM 1.57 million to RM 1.64 million.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 954, though individual units vary from RM 730 to RM 1,178 in the core range. The broader market spans RM 842.00 to RM 1,066.00, indicating diverse property characteristics. The spread of RM 224.00 (IQR) and deviation of RM 224 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.