ISLAND RESORT

ISLAND RESORT in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 925K and a median price per square foot (PSF) of RM 563.

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 925K, with most transactions falling within a stable range of RM 662K to RM 1.19 million, and a typical market range of RM 762K to RM 1.09 million.

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

The median PSF stands at RM 563, with core pricing between RM 483 and RM 643. Market pricing typically extends from RM 522.50 to RM 603.50, reflecting moderate variation in unit pricing. With an IQR of RM 81.00 and MAD of RM 80, 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.