ISLAND PARK

ISLAND PARK in Timur Laut, Penang recorded 9 subsale transactions in 2023, with a median price of RM 1.80 million and a median price per square foot (PSF) of RM 565.

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 1.80 million, with most transactions falling within a stable range of RM 1.32 million to RM 2.49 million, and a typical market range of RM 1.32 million to RM 2.37 million.

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

Price per square foot shows a median of RM 565, though individual units vary from RM 451 to RM 679 in the core range. The broader market spans RM 479.75 to RM 650.25, indicating diverse property characteristics. The spread of RM 170.50 (IQR) and deviation of RM 114 (MAD) suggest moderate price variations reflecting different property features.

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.