ISLAND RESORT

Area Intelligence

2023

Median Price

RM 925,000

PSF: RM 563

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Residential PSF Trends

Median Price

RM 925,000

PSF: RM 563

ISLAND RESORT in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 925K and a median price per square foot (PSF) of RM 563.

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 925K, with most transactions falling within a stable range of RM 1.10 million to RM 1.03 million, and a typical market range of RM 1.10 million to RM 1.09 million.

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

For price per square foot, the median is RM 563, with most transactions between RM 522 and RM 604. The usual range is RM 522.50 to RM 603.50, showing that most units are priced quite close to each other. With an IQR of RM 81.00 and MAD of RM 41, 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.

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ISLAND RESORT, Timur Laut, Penang

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