FERRINGHI VILLAS

FERRINGHI VILLAS in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 1.49 million and a median price per square foot (PSF) of RM 408.

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 1.49 million, with most transactions falling within a stable range of RM 1.37 million to RM 1.61 million, and a typical market range of RM 1.29 million to RM 1.70 million.

Most transactions involved detached, with minimal variety in property types.

For price per square foot, the median is RM 408, with most transactions between RM 404 and RM 412. The usual range is RM 359.25 to RM 455.75, showing that most units are priced quite close to each other. With an IQR of RM 96.50 and MAD of RM 4, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.