ISLAND PARK

Area Intelligence

2022

Median Price

RM 2,230,000

PSF: RM 569

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Residential PSF Trends

Median Price

RM 2,230,000

PSF: RM 569

ISLAND PARK in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 2.23 million and a median price per square foot (PSF) of RM 569.

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 2.23 million, with most transactions falling within a stable range of RM 2.10 million to RM 2.36 million, and a typical market range of RM 2.10 million to RM 2.36 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 569, with most transactions between RM 537 and RM 601. The usual range is RM 483.75 to RM 654.25, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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ISLAND PARK, Timur Laut, Penang

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