PANTAI MIAMI

PANTAI MIAMI in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 575K and a median price per square foot (PSF) of RM 455.

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 575K, with most transactions falling within a stable range of RM 410K to RM 2.39 million, and a typical market range of RM 479K to RM 671K.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 455, with core pricing between RM 373 and RM 537. Market pricing typically extends from RM 409.00 to RM 501.00, reflecting moderate variation in unit pricing. The spread of RM 92.00 (IQR) and deviation of RM 82 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.