ISLAND PARK

ISLAND PARK in Timur Laut, Penang recorded 19 subsale transactions in 2023, with a median price of RM 1.32 million and a median price per square foot (PSF) of RM 644.

This area contains both residential and commercial properties. View 54 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 1.32 million, with most transactions falling within a stable range of RM 2.60 million to RM 1.72 million, and a typical market range of RM 2.60 million to RM 1.89 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 644, though individual units vary from RM 443 to RM 845 in the core range. The broader market spans RM 558.75 to RM 729.25, indicating diverse property characteristics. A wider spread (IQR: RM 170.50) and deviation (MAD: RM 201) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.