Penang
Timur Laut
Georgetown
OCEAN VIEW (BANDAR SRI PINANG)

OCEAN VIEW (BANDAR SRI PINANG)

Area Intelligence

2022

Median Price

RM 449,000

PSF: RM 510

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Residential PSF Trends

Median Price

RM 449,000

PSF: RM 510

OCEAN VIEW (BANDAR SRI PINANG) in Timur Laut, Penang recorded 10 subsale transactions in 2022, with a median price of RM 449K and a median price per square foot (PSF) of RM 510.

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 449K, with most transactions falling within a stable range of RM 419K to RM 479K, and a typical market range of RM 430K to RM 468K.

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

For price per square foot, the median is RM 510, with most transactions between RM 475 and RM 544. The usual range is RM 486.25 to RM 532.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 46.50 and an average deviation (MAD) of RM 35 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. Limited transaction history suggests carefully evaluating comparable sales data.

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OCEAN VIEW (BANDAR SRI PINANG), Timur Laut, Penang

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Transactions

10 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

850 sqft

Flat

850 sqft

Flat

RM 440,000

Level 3

872 sqft · RM 505 PSF

Dec 2022

RM 415,000

Level 8

872 sqft · RM 476 PSF

Dec 2022

RM 490,000

Level 10

872 sqft · RM 562 PSF

Oct 2022

RM 430,000

Level 11

872 sqft · RM 493 PSF

Sep 2022

RM 500,000

Level 4

872 sqft · RM 573 PSF

Jun 2022

RM 448,000

Level 7

872 sqft · RM 514 PSF

Jun 2022

Level 3	RM 440,000	RM 505	872 sqft	Dec 2022
Level 8	RM 415,000	RM 476	872 sqft	Dec 2022
Level 10	RM 490,000	RM 562	872 sqft	Oct 2022
Level 11	RM 430,000	RM 493	872 sqft	Sep 2022
Level 4	RM 500,000	RM 573	872 sqft	Jun 2022
Level 7	RM 448,000	RM 514	872 sqft	Jun 2022