GRAND OCEAN APARTMENT in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 548K and a median price per square foot (PSF) of RM 481.
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 548K, with most transactions falling within a stable range of RM 496K to RM 600K, and a typical market range of RM 484K to RM 612K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 481, with most transactions between RM 457 and RM 505. The usual range is RM 463.50 to RM 498.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 35.00 and an average deviation (MAD) of RM 24 indicate a highly stable PSF trend across properties.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
