HORIZON TOWERS Property Investment Analysis

Tanjung Bungah, Timur Laut, Penang

Median Price
RM 999,000
CAGR
-2.1%
Median PSF
RM 420.00
CAGR
-1.8%
Transactions
3
Period
2021-2024

HORIZON TOWERS in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 999K and a median price per square foot (PSF) of RM 420.

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 999K, with most transactions falling within a stable range of RM 938K to RM 1.06 million, and a typical market range of RM 939K to RM 1.06 million.

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

For price per square foot, the median is RM 420, with most transactions between RM 398 and RM 442. The usual range is RM 394.25 to RM 445.75, showing that most units are priced quite close to each other. With an IQR of RM 51.50 and MAD of RM 22, 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.

ADVANCED FILTERS

TRANSACTIONS

3 found
Condominium/Apartment
RM 938,000
PSF: RM 398.00
Area: 2,357 sqft
Date: Aug 2024
Condominium/Apartment
RM 1,180,000
PSF: RM 501.00
Area: 2,357 sqft
Date: Aug 2023
Condominium/Apartment
RM 999,000
PSF: RM 420.00
Area: 2,379 sqft
Date: Dec 2021