MARINA BAY

Area Intelligence

2024

Median Price

RM 550,000

PSF: RM 487

Facebook X (Twitter)

Residential PSF Trends

Median Price

RM 550,000

PSF: RM 487

MARINA BAY in Timur Laut, Penang recorded 3 subsale transactions in 2024, priced between RM 500K and RM 750K, with a median price of RM 550K and a median price per square foot (PSF) of RM 487.

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 550K, with most transactions falling within a stable range of RM 533K to RM 560K, and a typical market range of RM 520K to RM 560K.

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

For price per square foot, the median is RM 487, with most transactions between RM 467 and RM 506. The usual range is RM 459.64 to RM 513.64, showing that most units are priced quite close to each other. With an IQR of RM 54.00 and MAD of RM 19, 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.

Loading map...

MARINA BAY, Timur Laut, Penang

OSM