ISLAND RESORT

ISLAND RESORT in Timur Laut, Penang recorded 1 subsale transactions in 2021, with a median price of RM 630K and a median price per square foot (PSF) of RM 573.

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 RM 573, with most transactions between RM 573 and RM 573. The usual range is RM 532.50 to RM 613.50, showing that most units are priced quite close to each other. With an IQR of RM 81.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

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.