ISLAND PARK in Timur Laut, Penang recorded 12 subsale transactions in 2024, with a median price of RM 1.81 million and a median price per square foot (PSF) of RM 689.
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 1.81 million, with most transactions falling within a stable range of RM 1.48 million to RM 2.14 million, and a typical market range of RM 1.25 million to RM 2.38 million.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 689, with core pricing between RM 607 and RM 771. Market pricing typically extends from RM 603.25 to RM 773.75, reflecting moderate variation in unit pricing. With an IQR of RM 170.50 and MAD of RM 82, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
