CITY OF DREAMS

CITY OF DREAMS in Timur Laut, Penang recorded 53 Service Apartment properties subsale transactions between 2021 and 2025 for service apartment properties, with a median price of RM 1.42 million and a median price per square foot (PSF) of RM 1,239.

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 1.42 million, with most transactions falling within a stable range of RM 1.10 million to RM 1.85 million, and a typical market range of RM 1.27 million to RM 1.57 million.

Within the Service Apartment category, service apartment dominated the market, with minimal variety in property types.

The median PSF stands at RM 1,239, with core pricing between RM 1,061 and RM 1,417. Market pricing typically extends from RM 1,128.88 to RM 1,349.13, reflecting moderate variation in unit pricing. With an IQR of RM 220.25 and MAD of RM 178, 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. Moderate transaction volume may require patience when buying or selling.