MARINA BAY

Area Intelligence

2024

Median Price

RM 680,000

PSF: RM 485

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Residential PSF Trends

Median Price

RM 680,000

PSF: RM 485

MARINA BAY in Timur Laut, Penang recorded 6 subsale transactions in 2024, with a median price of RM 680K and a median price per square foot (PSF) of RM 485.

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 680K, with most transactions falling within a stable range of RM 800K to RM 816K, and a typical market range of RM 800K to RM 780K.

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

The median PSF stands at RM 485, with core pricing between RM 402 and RM 568. Market pricing typically extends from RM 458.00 to RM 512.00, reflecting moderate variation in unit pricing. The spread of RM 54.00 (IQR) and deviation of RM 83 (MAD) suggest moderate price variations reflecting different property features.

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

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