SANDY BAY HOTEL

SANDY BAY HOTEL in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 223K and a median price per square foot (PSF) of RM 256.

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 223K, with most transactions falling within a stable range of RM 188K to RM 258K, and a typical market range of RM 189K to RM 256K.

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

The median PSF stands at RM 256, with core pricing between RM 219 and RM 292. Market pricing typically extends from RM 223.13 to RM 287.88, reflecting moderate variation in unit pricing. With an IQR of RM 64.75 and MAD of RM 37, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.