CITY OF DREAMS

Area Intelligence
2021
Median Price
RM 1,450,000
PSF: RM 1,224

Residential PSF Trends

Median Price

RM 1,450,000

PSF: RM 1,224

CITY OF DREAMS in Timur Laut, Penang recorded 9 subsale transactions in 2021, with a median price of RM 1.45 million and a median price per square foot (PSF) of RM 1,224.

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 1.45 million, with most transactions falling within a stable range of RM 1.33 million to RM 1.69 million, and a typical market range of RM 1.33 million to RM 1.60 million.

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

The median PSF stands at RM 1,224, with core pricing between RM 1,069 and RM 1,379. Market pricing typically extends from RM 1,113.88 to RM 1,334.13, reflecting moderate variation in unit pricing. With an IQR of RM 220.25 and MAD of RM 155, 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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CITY OF DREAMS, Timur Laut, Penang

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Transactions

9 transactions grouped by size

1,100 sqft
Condo/Apartment
RM 1,328,000
Level 32
1,097 sqft · RM 1,211 PSF
1,150 sqft
Service Apartment
RM 1,385,000
Level 27
1,152 sqft · RM 1,203 PSF
RM 1,382,000
Level 20
1,152 sqft · RM 1,200 PSF
1,200 sqft
RM 1,450,000
Level 21
1,185 sqft · RM 1,224 PSF
RM 1,783,000
Level 10
1,184 sqft · RM 1,506 PSF
RM 1,860,000
Level 28
1,184 sqft · RM 1,571 PSF
RM 1,495,000
Level 9
1,185 sqft · RM 1,262 PSF
RM 1,400,000
Level 24
1,184 sqft · RM 1,182 PSF
1,350 sqft
Service Apartment
RM 2,050,000
Level 27
1,335 sqft · RM 1,536 PSF

No Properties For Sale

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

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