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 707K to RM 750K, and a typical market range of RM 650K to RM 750K.

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

For price per square foot, the median is RM 600, with most transactions between RM 568 and RM 633. The usual range is RM 559.50 to RM 640.50, showing that most units are priced quite close to each other. With an IQR of RM 81.00 and MAD of RM 33, 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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