Leisure Bay
Tanjung Tokong, Penang, Malaysia
Tanjung Tokong, Penang, Malaysia
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Market Snapshot
ResidentialRM 499,000
RM 421 psfMedian transaction price
Tanjung Tokong, Penang, Malaysia
MapsLeisure Bay in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2026, with a median price of RM 499K and a median price per square foot (PSF) of RM 421.
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 499K, with most transactions falling within a stable range of RM 424K to RM 500K, and a typical market range of RM 475K to RM 500K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 421, with most transactions between RM 401 and RM 442. The usual range is RM 400.07 to RM 442.82, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 42.75 and an average deviation (MAD) of RM 21 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.