MOONLIGHT BAY

MOONLIGHT BAY in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 1.64 million and a median price per square foot (PSF) of RM 700.

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 1.64 million, with most transactions falling within a stable range of RM 1.37 million to RM 1.90 million, and a typical market range of RM 1.37 million to RM 1.90 million.

Most transactions involved detached, though some variety exists in the market.

The median PSF stands at RM 700, with core pricing between RM 618 and RM 781. Market pricing typically extends from RM 651.50 to RM 747.50, reflecting moderate variation in unit pricing. With an IQR of RM 96.00 and MAD of RM 82, 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.