Area Intelligence

OCEAN VIEW RESIDENCES

8 properties
2023
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Median Price
RM 370,000
PSF: RM 359

Residential Market

Median Price

RM 380,000

IQR: RM 66
MAD: RM 36
RM 374 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 2023, with a median price of RM 370K and a median price per square foot (PSF) of RM 359.

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 370K, with most transactions falling within a stable range of RM 329K to RM 411K, and a typical market range of RM 335K to RM 406K.

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

The median PSF stands at RM 359, with core pricing between RM 314 and RM 403. Market pricing typically extends from RM 327.50 to RM 389.50, reflecting moderate variation in unit pricing. With an IQR of RM 62.00 and MAD of RM 45, 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
3 units Condo/Apartment
RM 400,000
936 sqft · RM 427.00 PSF
Oct 2023
RM 360,000
936 sqft · RM 384.00 PSF
Jul 2023
RM 310,000
936 sqft · RM 331.00 PSF
Jul 2023
1,100 sqft
4 units Condo/Apartment
RM 420,000
1,109 sqft · RM 379.00 PSF
Jul 2023
RM 415,000
1,109 sqft · RM 374.00 PSF
Jul 2023
RM 330,000
1,109 sqft · RM 298.00 PSF
Jun 2023
RM 380,000
1,109 sqft · RM 343.00 PSF
Apr 2023
1,150 sqft
1 units Shop/Retail Lot
RM 320,000
1,130 sqft · RM 283.00 PSF
Sep 2023