Island Park
30, Jalan Besi, Island Park, 11600 George Town, Pulau Pinang, Malaysia
30, Jalan Besi, Island Park, 11600 George Town, Pulau Pinang, Malaysia
Property Type
| Price | PSF | Size | Date | Type |
|---|
|
RM 3,910,000
|
RM 983
|
3,978 sqft
|
|
|
|
RM 3,800,000
|
RM 946
|
4,018 sqft
|
|
|
|
RM 3,600,000
|
RM 901
|
3,994 sqft
|
|
|
|
RM 3,100,000
|
RM 761
|
4,072 sqft
|
|
|
RM 2,800,000
|
RM 565
|
4,955 sqft
|
|
|
|
RM 2,330,000
|
RM 456
|
5,108 sqft
|
|
|
|
RM 2,250,000
|
RM 386
|
5,831 sqft
|
|
|
RM 3,350,000
|
RM 477
|
7,025 sqft
|
|
|
|
RM 2,650,000
|
RM 338
|
7,841 sqft
|
|
|
RM 2,100,000
|
RM 601
|
3,494 sqft
|
|
|
|
RM 3,950,000
|
RM 1,023
|
3,860 sqft
|
|
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Market Snapshot
ResidentialRM 2,625,000
RM 590 psfMedian transaction price
30, Jalan Besi, Island Park, 11600 George Town, Pulau Pinang, Malaysia
MapsIsland Park in Timur Laut, Penang recorded 17 subsale transactions between 2021 and 2026, priced from RM 2.00 million and above, with a median price of RM 2.65 million and a median price per square foot (PSF) of RM 601.
This area contains both residential and commercial properties. View 55 residential properties or 1 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.65 million, with most transactions falling within a stable range of RM 2.01 million to RM 3.29 million, and a typical market range of RM 2.09 million to RM 3.21 million.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 601, though individual units vary from RM 336 to RM 867 in the core range. The broader market spans RM 513.80 to RM 688.30, indicating diverse property characteristics. A wider spread (IQR: RM 174.50) and deviation (MAD: RM 266) indicate significant PSF variations, likely due to diverse property types or conditions.
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.