1 SANTORINI

1 SANTORINI in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 475K and a median price per square foot (PSF) of RM 559.

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 475K, with most transactions falling within a stable range of RM 455K to RM 503K, and a typical market range of RM 464K to RM 486K.

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

For price per square foot, the median is RM 559, with most transactions between RM 526 and RM 592. The usual range is RM 545.50 to RM 572.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 27.00 and an average deviation (MAD) of RM 33 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.