ISLAND PARK

Area Intelligence
2021
Median Price
RM 1,300,000
PSF: RM 737

Residential PSF Trends

Median Price

RM 1,300,000

PSF: RM 737

ISLAND PARK in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 1.30 million and a median price per square foot (PSF) of RM 737.

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 1.30 million, with most transactions falling within a stable range of RM 1.12 million to RM 1.43 million, and a typical market range of RM 990K to RM 1.43 million.

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 737, with most transactions between RM 705 and RM 769. The usual range is RM 651.75 to RM 822.25, showing that most units are priced quite close to each other. With an IQR of RM 170.50 and MAD of RM 32, 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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Transactions

3 transactions grouped by size

1,450 sqft
Double Storey Terraced
RM 990,000
CHANGKAT DELIMA 1
1,464 sqft · RM 676 PSF
1,750 sqft
Double Storey Terraced
RM 1,300,000
LINTANG BESI
1,733 sqft · RM 750 PSF
1,950 sqft
Double Storey Terraced
RM 1,430,000
LENGKOK TEMBAGA
1,941 sqft · RM 737 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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