Iconic Vue

Jalan Sungai Emas, Sungai Emas, 11100 Batu Ferringhi, Pulau Pinang, Malaysia

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Does ICONIC VUE rent out well?

Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.

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Iconic Vue, Jalan Sungai Emas, Sungai Emas, 11100 Batu Ferringhi, Pulau Pinang, Malaysia

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Iconic Vue in Timur Laut, Penang recorded 0 subsale transactions in 2023, with a median price of RM465K and a median price per square foot (PSF) of RM547.

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 RM465K, with most transactions falling within a stable range of RM448K to RM483K, and a typical market range of RM451K to RM479K.

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

For price per square foot, the median is RM547, with most transactions between RM527 and RM568. The usual range is RM530.13 to RM563.88, showing that most units are priced quite close to each other. A typical spread (IQR) of RM33.75 and an average deviation (MAD) of RM21 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. 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.