Penang
Timur Laut
Bdr Tanjung Pinang
THE SUITE AT WATERSIDE

THE SUITE AT WATERSIDE

Area Intelligence

2022

Median Price

RM 895,500

PSF: RM 650

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Residential PSF Trends

Median Price

RM 895,500

PSF: RM 650

THE SUITE AT WATERSIDE in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 896K and a median price per square foot (PSF) of RM 650.

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 896K, with most transactions falling within a stable range of RM 1.39 million to RM 1.01 million, and a typical market range of RM 1.39 million to RM 1.26 million.

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

For price per square foot, the median is RM 650, with most transactions between RM 590 and RM 710. The usual range is RM 552.13 to RM 747.88, showing that most units are priced quite close to each other. With an IQR of RM 195.75 and MAD of RM 60, 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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THE SUITE AT WATERSIDE, Timur Laut, Penang

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