ONE RITZ RESIDENCE

ONE RITZ RESIDENCE in Timur Laut, Penang recorded 1 subsale transactions in 2021, with a median price of RM 2.30 million and a median price per square foot (PSF) of RM 498.

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 2.30 million, with most transactions falling within a stable range of RM 2.11 million to RM 2.49 million, and a typical market range of RM 2.20 million to RM 2.40 million.

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

The median PSF stands at RM 498, with core pricing between RM 426 and RM 570. Market pricing typically extends from RM 452.25 to RM 543.75, reflecting moderate variation in unit pricing. With an IQR of RM 91.50 and MAD of RM 72, 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. 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.