ICONIC SKIES

ICONIC SKIES in Timur Laut, Penang recorded 11 subsale transactions in 2024, with a median price of RM 850K and a median price per square foot (PSF) of RM 618.

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 850K, with most transactions falling within a stable range of RM 675K to RM 1.11 million, and a typical market range of RM 736K to RM 964K.

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

The median PSF stands at RM 618, with core pricing between RM 552 and RM 684. Market pricing typically extends from RM 555.75 to RM 680.25, reflecting moderate variation in unit pricing. With an IQR of RM 124.50 and MAD of RM 66, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.