MARINA BAY
Residential Market
Median Price
RM 635,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Double Storey Terraced
5 properties
Median Price
RM 479,500
-0.7% CAGR
Median PSF
RM 375.00
+1.6% CAGR
Low-Cost Flat
3 properties
Median Price
RM 79,500
-5.5% CAGR
Median PSF
RM 142.00
-5.5% CAGR
Single Storey Semi-D
2 properties
Median Price
RM 355,000
+1.4% CAGR
Median PSF
RM 110.50
+2.3% CAGR
Detached
2 properties
Median Price
RM 470,000
+21.4% CAGR
Median PSF
RM 92.50
+34.3% CAGR
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Double Storey Terraced | 5 |
RM 479,500
±5K MAD
|
-0.66% |
RM 375.00
±18 MAD
|
+1.58% | |
| Low-Cost Flat | 3 |
RM 79,500
±5K MAD
|
-5.51% |
RM 142.00
±8 MAD
|
-5.48% | |
| Single Storey Semi-D | 2 |
RM 355,000
±5K MAD
|
+1.42% |
RM 110.50
±3 MAD
|
+2.29% | |
| Detached | 2 |
RM 470,000
±90K MAD
|
+21.40% |
RM 92.50
±27 MAD
|
+34.28% |
MARINA BAY in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 635K and a median price per square foot (PSF) of RM 466.
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 635K, with most transactions falling within a stable range of RM 536K to RM 734K, and a typical market range of RM 535K to RM 736K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 466, with most transactions between RM 452 and RM 480. The usual range is RM 437.50 to RM 494.50, showing that most units are priced quite close to each other. With an IQR of RM 57.00 and MAD of RM 14, 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.
Filter by type, year, price, and size
Transactions
3 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
RM 500,000
|
RM 465.00
|
1,076 sqft
|
Jan 2022
|
|
RM 635,000
|
RM 496.00
|
1,281 sqft
|
Aug 2022
|
|
RM 742,000
|
RM 466.00
|
1,593 sqft
|
Oct 2022
|