INDAH BAY Property Investment Analysis

INDAH BAY in Timur Laut, Penang recorded 5 subsale transactions between 2021 and 2025, with a median price of RM 363K and a median price per square foot (PSF) of RM 496.

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 363K, with most transactions falling within a stable range of RM 340K to RM 386K, and a typical market range of RM 349K to RM 377K.

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

For price per square foot, the median is RM 496, with most transactions between RM 470 and RM 522. The usual range is RM 477.50 to RM 514.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 37.00 and an average deviation (MAD) of RM 26 indicate a highly stable PSF trend across properties.

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.