ONE RITZ RESIDENCE

ONE RITZ RESIDENCE in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 2.20 million and a median price per square foot (PSF) of RM 407.

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 2.20 million, with most transactions falling within a stable range of RM 2.09 million to RM 2.30 million, and a typical market range of RM 2.14 million to RM 2.25 million.

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

Price per square foot shows a median of RM 407, though individual units vary from RM 315 to RM 498 in the core range. The broader market spans RM 360.75 to RM 452.25, indicating diverse property characteristics. The spread of RM 91.50 (IQR) and deviation of RM 92 (MAD) suggest moderate price variations reflecting different property features.

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.