SANDY BAY HOTEL

SANDY BAY HOTEL in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 193K and a median price per square foot (PSF) of RM 385.

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 193K, with most transactions falling within a stable range of RM 158K to RM 228K, and a typical market range of RM 159K to RM 226K.

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

For price per square foot, the median is RM 385, with most transactions between RM 349 and RM 422. The usual range is RM 352.63 to RM 417.38, showing that most units are priced quite close to each other. 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.