ISLAND PARK in Timur Laut, Penang recorded 15 subsale transactions in 2022, with a median price of RM 1.15 million and a median price per square foot (PSF) of RM 645.
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 1.15 million, with most transactions falling within a stable range of RM 1.08 million to RM 1.20 million, and a typical market range of RM 1.00 million to RM 1.20 million.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 645, with core pricing between RM 551 and RM 739. Market pricing typically extends from RM 559.75 to RM 730.25, reflecting moderate variation in unit pricing. With an IQR of RM 170.50 and MAD of RM 94, 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.
