ISLAND PARK

Area Intelligence

2021

Median Price

RM 3,525,000

PSF: RM 892

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Residential PSF Trends

Median Price

RM 3,525,000

PSF: RM 892

ISLAND PARK in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM 3.53 million and a median price per square foot (PSF) of RM 892.

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 3.53 million, with most transactions falling within a stable range of RM 3.10 million to RM 3.95 million, and a typical market range of RM 3.10 million to RM 3.95 million.

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

The median PSF stands at RM 892, with core pricing between RM 761 and RM 1,023. Market pricing typically extends from RM 806.75 to RM 977.25, reflecting moderate variation in unit pricing. With an IQR of RM 170.50 and MAD of RM 131, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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ISLAND PARK, Timur Laut, Penang

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