Summit Inn Dev.
Batu Ferringhi, Penang, Malaysia
Batu Ferringhi, Penang, Malaysia
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Batu Ferringhi, Penang, Malaysia
MapsSummit Inn Dev. in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 475 and 524 sqft, with a median price of RM 72K and a median price per square foot (PSF) of RM 139.
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 139, though individual units vary from RM 97 to RM 180 in the core range. The broader market spans RM 117.75 to RM 159.25, indicating diverse property characteristics. A wider spread (IQR: RM 41.50) and deviation (MAD: RM 42) indicate significant PSF variations, likely due to diverse property types or conditions.
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.