MARINA BAY

Area Intelligence

2023

Median Price

RM 560,000

PSF: RM 439

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Residential PSF Trends

Median Price

RM 560,000

PSF: RM 439

MARINA BAY in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 560K and a median price per square foot (PSF) of RM 439.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 560K, with most transactions falling within a stable range of RM 460K to RM 663K, and a typical market range of RM 460K to RM 660K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 439, with core pricing between RM 389 and RM 489. Market pricing typically extends from RM 412.00 to RM 466.00, reflecting moderate variation in unit pricing. With an IQR of RM 54.00 and MAD of RM 50, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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MARINA BAY, Timur Laut, Penang

OSM

Track location

Transactions

8 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 460,000

Level 4

1,076 sqft • RM 427.00 PSF

Nov 2023

RM 630,000

Level 10

1,593 sqft • RM 395.00 PSF

Nov 2023

RM 570,000

Level 18

1,066 sqft • RM 535.00 PSF

Aug 2023

RM 550,000

Level 17

1,130 sqft • RM 487.00 PSF

Jul 2023

RM 750,000

Level 4

1,808 sqft • RM 415.00 PSF

Jun 2023

RM 750,000

Level 4

1,938 sqft • RM 387.00 PSF

Jun 2023

RM 540,000

Level 9

1,076 sqft • RM 502.00 PSF

Apr 2023

RM 485,000

Level 11

1,076 sqft • RM 451.00 PSF

Jan 2023

Road	Price	Land PSF	Land	Date	Type
Level 4	RM 460,000	RM 427.00	1,076 sqft	Nov 2023	Condo/Apartment
Level 10	RM 630,000	RM 395.00	1,593 sqft	Nov 2023	Condo/Apartment
Level 18	RM 570,000	RM 535.00	1,066 sqft	Aug 2023	Condo/Apartment
Level 17	RM 550,000	RM 487.00	1,130 sqft	Jul 2023	Condo/Apartment
Level 4	RM 750,000	RM 415.00	1,808 sqft	Jun 2023	Condo/Apartment
Level 4	RM 750,000	RM 387.00	1,938 sqft	Jun 2023	Condo/Apartment
Level 9	RM 540,000	RM 502.00	1,076 sqft	Apr 2023	Condo/Apartment
Level 11	RM 485,000	RM 451.00	1,076 sqft	Jan 2023	Condo/Apartment