Island Park

Island Park in Timur Laut, Penang recorded 0 subsale transactions in 2023, with a median price of RM 1.61 million and a median price per square foot (PSF) of RM 729.

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 729, though individual units vary from RM 505 to RM 953 in the core range. The broader market spans RM 617.00 to RM 841.00, indicating diverse property characteristics. A wider spread (IQR: RM 224.00) and deviation (MAD: RM 224) indicate significant PSF variations, likely due to diverse property types or conditions.

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.