Area Intelligence

OCEAN VIEW RESIDENCES

8 properties
2022
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Median Price
RM 362,500
PSF: RM 377

Residential Market

Median Price

RM 362,500

IQR: RM 66
MAD: RM 36
RM 377 PSF 2.1%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 320,000

RM 283 PSF

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

OCEAN VIEW RESIDENCES in Seberang Perai Utara, Penang recorded 8 subsale transactions in 2022, with a median price of RM 363K and a median price per square foot (PSF) of RM 377.

This area contains both residential and commercial properties. View 26 residential properties or 1 commercial properties separately for more focused analysis.

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 328K to RM 414K, and a typical market range of RM 328K to RM 398K.

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

The median PSF stands at RM 377, with core pricing between RM 328 and RM 426. Market pricing typically extends from RM 346.00 to RM 408.00, reflecting moderate variation in unit pricing. With an IQR of RM 62.00 and MAD of RM 49, 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.

Area Location

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OCEAN VIEW RESIDENCES, Seberang Perai Utara, Penang

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Transactions

8 properties grouped by size

950 sqft
4 units Condo/Apartment
RM 360,000
936 sqft · RM 384.00 PSF
Dec 2022
RM 400,000
936 sqft · RM 427.00 PSF
Aug 2022
RM 365,000
936 sqft · RM 390.00 PSF
Jul 2022
RM 330,000
936 sqft · RM 352.00 PSF
Feb 2022
1,100 sqft
4 units Condo/Apartment
RM 328,000
1,109 sqft · RM 296.00 PSF
Dec 2022
RM 338,000
1,109 sqft · RM 305.00 PSF
Dec 2022
RM 410,000
1,109 sqft · RM 370.00 PSF
Oct 2022
RM 490,000
1,109 sqft · RM 442.00 PSF
Sep 2022