OCEAN VIEW (BANDAR SRI PINANG) Property Investment Analysis

OCEAN VIEW (BANDAR SRI PINANG) in Timur Laut, Penang recorded 24 subsale transactions between 2021 and 2025, with a median price of RM 440K and a median price per square foot (PSF) of RM 505.

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 440K, with most transactions falling within a stable range of RM 423K to RM 458K, and a typical market range of RM 424K to RM 456K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 505, with most transactions between RM 481 and RM 528. The usual range is RM 482.63 to RM 526.38, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 43.75 and an average deviation (MAD) of RM 24 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Moderate transaction volume may require patience when buying or selling.