EDEN FERRINGHI RESORT

EDEN FERRINGHI RESORT in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 400K and a median price per square foot (PSF) of RM 401.

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 400K, with most transactions falling within a stable range of RM 370K to RM 667K, and a typical market range of RM 378K to RM 422K.

Most transactions involved condominium/apartment, though some variety exists in the market.

For price per square foot, the median is RM 401, with most transactions between RM 388 and RM 414. The usual range is RM 377.38 to RM 424.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 47.25 and an average deviation (MAD) of RM 13 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.