The Waterfront (Ratu Mutiara)
Ratu Mutiara, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
Ratu Mutiara, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
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PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in 17
Ratu Mutiara, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
MapsThe Waterfront (Ratu Mutiara) in Timur Laut, Penang recorded 1 subsale transactions between 2021 and 2026, sized between 2,925 and 2,974 sqft, with a median price of RM1.08 million and a median price per square foot (PSF) of RM369.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM369, with most transactions between RM369 and RM369. The usual range is RM358.63 to RM379.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM20.50 and an average deviation (MAD) of RM0 indicate a highly stable PSF trend across properties.
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.