The Penthouse
1, Jalan Bunga Hinai, Tanjung Tokong, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
1, Jalan Bunga Hinai, Tanjung Tokong, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 9
|
RM 3,850,000
|
RM 773
|
4,984 sqft
|
|
|
|
Level 23
|
RM 4,000,000
|
RM 803
|
4,984 sqft
|
|
|
Level 25
|
RM 7,700,000
|
RM 881
|
8,740 sqft
|
|
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1, Jalan Bunga Hinai, Tanjung Tokong, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
MapsThe Penthouse in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2026, with a median price of RM 4.00 million and a median price per square foot (PSF) of RM 803.
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 4.00 million, with most transactions falling within a stable range of RM 3.85 million to RM 5.78 million, and a typical market range of RM 3.85 million to RM 4.58 million.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 803, with most transactions between RM 757 and RM 849. The usual range is RM 769.38 to RM 836.63, showing that most units are priced quite close to each other. With an IQR of RM 67.25 and MAD of RM 46, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.