ISLAND RESORT

Area Intelligence

2022

Median Price

RM 750,000

PSF: RM 600

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Residential PSF Trends

Median Price

RM 750,000

PSF: RM 600

ISLAND RESORT in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 750K and a median price per square foot (PSF) of RM 600.

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 750K, with most transactions falling within a stable range of RM 750K to RM 870K, and a typical market range of RM 750K to RM 913K.

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

The median PSF stands at RM 600, with core pricing between RM 503 and RM 697. Market pricing typically extends from RM 559.50 to RM 640.50, reflecting moderate variation in unit pricing. The spread of RM 81.00 (IQR) and deviation of RM 97 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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ISLAND RESORT, Timur Laut, Penang

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