ISLAND PARK

Area Intelligence
2023
Median Price
RM 1,150,000
PSF: RM 695

Residential PSF Trends

Median Price

RM 1,150,000

PSF: RM 695

ISLAND PARK in Timur Laut, Penang recorded 9 subsale transactions in 2023, with a median price of RM 1.15 million and a median price per square foot (PSF) of RM 695.

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 1.04 million to RM 1.26 million, and a typical market range of RM 995K to RM 1.30 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 695, with most transactions between RM 653 and RM 737. The usual range is RM 609.75 to RM 780.25, showing that most units are priced quite close to each other. With an IQR of RM 170.50 and MAD of RM 42, 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

9 transactions grouped by size

1,450 sqft
Double Storey Terraced
RM 1,030,000
JALAN TEMBAGA
1,432 sqft · RM 719 PSF
RM 995,000
JALAN TEMBAGA
1,432 sqft · RM 695 PSF
1,500 sqft
Double Storey Terraced
RM 995,000
TINGKAT BESI
1,495 sqft · RM 666 PSF
1,600 sqft
Double Storey Terraced
RM 1,200,000
SOLOK TEMBAGA SATU
1,599 sqft · RM 750 PSF
RM 1,035,000
TKT BESI 2
1,607 sqft · RM 644 PSF
1,650 sqft
Double Storey Terraced
RM 1,200,000
TINGKAT BESI
1,649 sqft · RM 728 PSF
1,700 sqft
Double Storey Terraced
RM 1,300,000
SOLOK GANGSA SATU
1,711 sqft · RM 760 PSF
1,800 sqft
Double Storey Terraced
RM 1,150,000
SOLOK TEMBAGA 3
1,786 sqft · RM 644 PSF
1,900 sqft
Double Storey Terraced
RM 1,280,000
LORONG TEMBAGA
1,916 sqft · RM 668 PSF

No Properties For Sale

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

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