MARINA BAY

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 615K to RM 745K, and a typical market range of RM 580K to RM 780K.

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

For price per square foot, the median is RM 485, with most transactions between RM 455 and RM 515. The usual range is RM 458.00 to RM 512.00, showing that most units are priced quite close to each other. With an IQR of RM 54.00 and MAD of RM 30, 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.