CITY OF DREAMS

Area Intelligence
2022
Median Price
RM 1,455,000
PSF: RM 1,263

Residential PSF Trends

Median Price

RM 1,455,000

PSF: RM 1,263

CITY OF DREAMS in Timur Laut, Penang recorded 15 subsale transactions in 2022, with a median price of RM 1.46 million and a median price per square foot (PSF) of RM 1,263.

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 1.46 million, with most transactions falling within a stable range of RM 1.25 million to RM 1.66 million, and a typical market range of RM 1.31 million to RM 1.60 million.

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

The median PSF stands at RM 1,263, with core pricing between RM 1,127 and RM 1,399. Market pricing typically extends from RM 1,152.88 to RM 1,373.13, reflecting moderate variation in unit pricing. With an IQR of RM 220.25 and MAD of RM 136, 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

15 transactions grouped by size

1,100 sqft
Service Apartment
RM 1,437,000
Level 30
1,098 sqft · RM 1,309 PSF
RM 1,367,000
Level 24
1,098 sqft · RM 1,245 PSF
RM 1,200,000
Level 9
1,097 sqft · RM 1,094 PSF
1,150 sqft
Service Apartment
RM 1,455,000
Level 28
1,152 sqft · RM 1,263 PSF
RM 1,400,000
Level 28
1,152 sqft · RM 1,216 PSF
RM 1,400,000
Level 29
1,152 sqft · RM 1,216 PSF
1,200 sqft
Service Apartment
RM 1,652,000
Level 31
1,184 sqft · RM 1,395 PSF
RM 1,820,000
Level 32
1,184 sqft · RM 1,537 PSF
RM 1,652,000
Level 30
1,185 sqft · RM 1,394 PSF
RM 1,820,000
Level 31
1,185 sqft · RM 1,536 PSF
RM 1,390,000
Level 15
1,184 sqft · RM 1,174 PSF
RM 1,484,000
Level 26
1,184 sqft · RM 1,253 PSF
RM 1,504,000
Level 28
1,184 sqft · RM 1,270 PSF
RM 1,300,000
Level 7
1,185 sqft · RM 1,097 PSF
1,350 sqft
Service Apartment
RM 1,950,000
Level 31
1,335 sqft · RM 1,461 PSF

No Properties For Sale

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

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