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Market Snapshot
ResidentialRM 894,000
RM 609 psfMedian transaction price
2A, Lebuh Tunku Kudin 2, 11700 Gelugor, Pulau Pinang, Malaysia
MapsBaywater Resort Condominium in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM 894K and a median price per square foot (PSF) of RM 609.
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 894K, with most transactions falling within a stable range of RM 870K to RM 918K, and a typical market range of RM 870K to RM 918K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 609, with most transactions between RM 561 and RM 657. The usual range is RM 587.10 to RM 631.10, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 44.00 and an average deviation (MAD) of RM 48 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.