ISLAND PARK

Area Intelligence

2023

Median Price

RM 1,320,000

PSF: RM 644

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Residential PSF Trends

Median Price

RM 1,320,000

PSF: RM 644

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.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

For price per square foot, the median is RM 644, with most transactions between RM 630 and RM 659. The usual range is RM 558.75 to RM 729.25, showing that most units are priced quite close to each other. With an IQR of RM 170.50 and MAD of RM 15, 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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ISLAND PARK, Timur Laut, Penang

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