| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 11
|
RM 780,000
|
RM 589
|
1,324 sqft
|
|
|
|
Level 13
|
RM 890,000
|
RM 672
|
1,324 sqft
|
|
|
|
Level 14
|
RM 940,000
|
RM 716
|
1,313 sqft
|
|
|
|
Level 2
|
RM 810,000
|
RM 612
|
1,324 sqft
|
|
|
|
Level 11
|
RM 810,000
|
RM 617
|
1,313 sqft
|
|
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Market Snapshot
ResidentialRM 810,000
RM 646 psfMedian transaction price
2A, Lebuh Tunku Kudin 2, 11700 Gelugor, Pulau Pinang, Malaysia
MapsBaywater Resort Condominium in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 810K and a median price per square foot (PSF) of RM 646.
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 810K, with most transactions falling within a stable range of RM 780K to RM 868K, and a typical market range of RM 780K to RM 854K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 646, with most transactions between RM 608 and RM 683. The usual range is RM 623.53 to RM 667.53, 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 38 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.