Penang
Timur Laut
Tanjung Bungah
GRAND OCEAN APARTMENT

GRAND OCEAN APARTMENT

Area Intelligence

2023

Median Price

RM 495,000

PSF: RM 469

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Residential PSF Trends

Median Price

RM 495,000

PSF: RM 469

GRAND OCEAN APARTMENT in Timur Laut, Penang recorded 1 subsale transactions in 2023, priced up to RM 500K, with a median price of RM 495K and a median price per square foot (PSF) of RM 469.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 469, with most transactions between RM 469 and RM 469. The usual range is RM 451.76 to RM 486.76, 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 0 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.

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GRAND OCEAN APARTMENT, Timur Laut, Penang

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