Penang
Timur Laut
Bdr Tanjung Pinang
RESIDENSI STRAITS @ SERI TANJUNG PINANG

RESIDENSI STRAITS @ SERI TANJUNG PINANG

Area Intelligence

2023

Median Price

RM 1,635,000

PSF: RM 1,211

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Residential PSF Trends

Median Price

RM 1,635,000

PSF: RM 1,211

RESIDENSI STRAITS @ SERI TANJUNG PINANG in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 1.64 million and a median price per square foot (PSF) of RM 1,211.

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 1.64 million, with most transactions falling within a stable range of RM 1.00 million to RM 2.63 million, and a typical market range of RM 1.57 million to RM 1.70 million.

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

For price per square foot, the median is RM 1,211, with most transactions between RM 1,161 and RM 1,261. The usual range is RM 1,170.13 to RM 1,251.88, showing that most units are priced quite close to each other. With an IQR of RM 81.75 and MAD of RM 50, the PSF demonstrates reasonable consistency across the market.

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.

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RESIDENSI STRAITS @ SERI TANJUNG PINANG, Timur Laut, Penang

OSM

Track location

Transactions

6 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 4,100,000

DENAI BAYU 26

3,638 sqft • RM 1,127.00 PSF

Dec 2023

RM 1,000,000

Level 23

861 sqft • RM 1,161.00 PSF

Nov 2023

RM 1,600,000

Level 22

1,292 sqft • RM 1,239.00 PSF

Aug 2023

RM 1,650,000

Level 26

1,292 sqft • RM 1,277.00 PSF

Jun 2023

RM 1,620,000

Level 18

1,356 sqft • RM 1,194.00 PSF

Jun 2023

RM 1,666,000

Level 22

1,356 sqft • RM 1,228.00 PSF

May 2023

Road	Price	Land PSF	Land	Date	Type
DENAI BAYU 26	RM 4,100,000	RM 1,127.00	3,638 sqft	Dec 2023	Double Storey Terraced
Level 23	RM 1,000,000	RM 1,161.00	861 sqft	Nov 2023	Condo/Apartment
Level 22	RM 1,600,000	RM 1,239.00	1,292 sqft	Aug 2023	Condo/Apartment
Level 26	RM 1,650,000	RM 1,277.00	1,292 sqft	Jun 2023	Condo/Apartment
Level 18	RM 1,620,000	RM 1,194.00	1,356 sqft	Jun 2023	Condo/Apartment
Level 22	RM 1,666,000	RM 1,228.00	1,356 sqft	May 2023	Condo/Apartment