Penang
Timur Laut
Bdr Tanjung Pinang
THE SUITE AT WATERSIDE

THE SUITE AT WATERSIDE

Area Intelligence

2024

Median Price

RM 650,000

PSF: RM 750

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Residential PSF Trends

Median Price

RM 650,000

PSF: RM 750

THE SUITE AT WATERSIDE in Timur Laut, Penang recorded 3 subsale transactions in 2024, with a median price of RM 650K and a median price per square foot (PSF) of RM 750.

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 650K, with most transactions falling within a stable range of RM 640K to RM 667K, and a typical market range of RM 640K to RM 680K.

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

For price per square foot, the median is RM 750, with most transactions between RM 726 and RM 774. The usual range is RM 652.13 to RM 847.88, showing that most units are priced quite close to each other. With an IQR of RM 195.75 and MAD of RM 24, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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THE SUITE AT WATERSIDE, Timur Laut, Penang

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