Summit Inn Dev.
Batu Ferringhi, Penang, Malaysia
Batu Ferringhi, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 4
|
RM 50,000
|
RM 97
|
517 sqft
|
|
|
|
Level 4
|
RM 93,000
|
RM 180
|
517 sqft
|
|
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Batu Ferringhi, Penang, Malaysia
MapsSummit Inn Dev. in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, with a median price of RM 72K and a median price per square foot (PSF) of RM 180.
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 72K, with most transactions falling within a stable range of RM 50K to RM 93K, and a typical market range of RM 61K to RM 82K.
Most transactions involved flats, with minimal variety in property types.
Price per square foot shows a median of RM 180, though individual units vary from RM 139 to RM 222 in the core range. The broader market spans RM 159.25 to RM 200.75, indicating diverse property characteristics. The spread of RM 41.50 (IQR) and deviation of RM 42 (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.