CITY OF DREAMS

CITY OF DREAMS in Timur Laut, Penang recorded 13 subsale transactions in 2023, with a median price of RM 1.50 million and a median price per square foot (PSF) of RM 1,225.

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 1.50 million, with most transactions falling within a stable range of RM 1.20 million to RM 2.13 million, and a typical market range of RM 1.35 million to RM 1.65 million.

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

The median PSF stands at RM 1,225, with core pricing between RM 1,013 and RM 1,437. Market pricing typically extends from RM 1,114.88 to RM 1,335.13, reflecting moderate variation in unit pricing. The spread of RM 220.25 (IQR) and deviation of RM 212 (MAD) suggest moderate price variations reflecting different property features.

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.