SANDY BAY HOTEL

SANDY BAY HOTEL in Timur Laut, Penang recorded 1 subsale transactions in 2022, with a median price of RM 195K and a median price per square foot (PSF) of RM 259.

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 195K, with most transactions falling within a stable range of RM 160K to RM 230K, and a typical market range of RM 161K to RM 229K.

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

The median PSF stands at RM 259, with core pricing between RM 223 and RM 296. Market pricing typically extends from RM 226.63 to RM 291.38, 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.