ISLAND RESORT

Area Intelligence
2023
Median Price
RM 925,000
PSF: RM 563

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 750K to RM 1.15 million, and a typical market range of RM 762K to RM 1.09 million.

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

The median PSF stands at RM 563, with core pricing between RM 471 and RM 655. Market pricing typically extends from RM 522.50 to RM 603.50, reflecting moderate variation in unit pricing. The spread of RM 81.00 (IQR) and deviation of RM 92 (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. 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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Transactions

4 transactions grouped by size

1,100 sqft
Condo/Apartment
RM 750,000
Level 18
1,100 sqft · RM 682 PSF
2,500 sqft
Condo/Apartment
RM 1,100,000
Level 31
2,500 sqft · RM 440 PSF
RM 1,350,000
Level 31
2,500 sqft · RM 540 PSF
RM 1,200,000
Level 24
2,500 sqft · RM 480 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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