LIST

Penang, Timur Laut, Tanjung Bungah

THE COVE

Area Intelligence
Median Price
RM 2,900,000
PSF: RM 497
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Residential PSF Trends

Median Price

RM 2,900,000

PSF: RM 497

THE COVE in Timur Laut, Penang recorded 15 subsale transactions between 2021 and 2025, with a median price of RM 2.90 million and a median price per square foot (PSF) of RM 497.

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 2.90 million, with most transactions falling within a stable range of RM 2.54 million to RM 3.26 million, and a typical market range of RM 2.63 million to RM 3.18 million.

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

The median PSF stands at RM 497, with core pricing between RM 435 and RM 559. Market pricing typically extends from RM 450.00 to RM 544.00, reflecting moderate variation in unit pricing. With an IQR of RM 94.00 and MAD of RM 62, 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.

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THE COVE, Timur Laut, Penang

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Transactions

15 transactions grouped by size

View Type

Grouped View Individual View
5,850 sqft
Condo/Apartment
RM 3,280,000
Level 21
5,834 sqft · RM 562 PSF
RM 4,360,000
Level 22
5,834 sqft · RM 747 PSF
RM 3,350,000
Level 36
5,834 sqft · RM 574 PSF
RM 3,350,000
Level 37
5,834 sqft · RM 574 PSF
RM 3,280,000
Level 18
5,834 sqft · RM 562 PSF
RM 2,500,000
Level 28
5,834 sqft · RM 429 PSF
View 9 more transactions

No Properties For Sale

There are currently no properties listed for sale in this area.

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