ISLAND PARK in Timur Laut, Penang recorded 0 3-Storey Shop properties subsale transactions between 2021 and 2025 for 3-storey shop properties, with a median price of RM 1.32 million and a median price per square foot (PSF) of RM 668.
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 1.32 million, with most transactions falling within a stable range of RM 990K to RM 1.65 million, and a typical market range of RM 755K to RM 1.89 million.
Within the 3-Storey Shop category, 2 - 2 1/2 storey terraced dominated the market, with moderate diversity in property types available.
The median PSF stands at RM 668, with core pricing between RM 586 and RM 750. Market pricing typically extends from RM 582.75 to RM 753.25, reflecting moderate variation in unit pricing. With an IQR of RM 170.50 and MAD of RM 82, 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.
