Area Intelligence

OCEAN VIEW RESIDENCES

9 properties
2024
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Median Price
RM 338,000
PSF: RM 361

Residential Market

Median Price

RM 338,000

IQR: RM 66
MAD: RM 36
RM 361 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 9 subsale transactions in 2024, with a median price of RM 338K and a median price per square foot (PSF) of RM 361.

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 338K, with most transactions falling within a stable range of RM 310K to RM 380K, and a typical market range of RM 310K to RM 374K.

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

For price per square foot, the median is RM 361, with most transactions between RM 325 and RM 397. The usual range is RM 330.00 to RM 392.00, showing that most units are priced quite close to each other. With an IQR of RM 62.00 and MAD of RM 36, 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

9 properties grouped by size

950 sqft
8 units Condo/Apartment
RM 415,000
936 sqft · RM 443.00 PSF
Oct 2024
RM 315,000
936 sqft · RM 336.00 PSF
Oct 2024
RM 380,000
936 sqft · RM 406.00 PSF
Sep 2024
RM 310,000
936 sqft · RM 331.00 PSF
Sep 2024
RM 315,000
936 sqft · RM 336.00 PSF
Aug 2024
RM 315,000
936 sqft · RM 336.00 PSF
Aug 2024
RM 342,000
936 sqft · RM 365.00 PSF
Jul 2024
RM 338,000
936 sqft · RM 361.00 PSF
Apr 2024
1,100 sqft
1 units Condo/Apartment
RM 420,000
1,109 sqft · RM 379.00 PSF
Aug 2024