PANTAI MIAMI

PANTAI MIAMI in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 690K and a median price per square foot (PSF) of RM 440.

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 690K, with most transactions falling within a stable range of RM 451K to RM 929K, and a typical market range of RM 594K to RM 786K.

Most transactions involved 1 - 1 1/2 storey terr, though some variety exists in the market.

For price per square foot, the median is RM 440, with most transactions between RM 397 and RM 482. The usual range is RM 393.50 to RM 485.50, showing that most units are priced quite close to each other. With an IQR of RM 92.00 and MAD of RM 43, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.