QUAYSIDE CONDO (SERI TANJUNG PINANG)

QUAYSIDE CONDO (SERI TANJUNG PINANG) in Timur Laut, Penang recorded 18 subsale transactions in 2021, with a median price of RM 1.90 million and a median price per square foot (PSF) of RM 1,053.

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 1.90 million, with most transactions falling within a stable range of RM 950K to RM 2.91 million, and a typical market range of RM 1.35 million to RM 2.44 million.

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

The median PSF stands at RM 1,053, with core pricing between RM 922 and RM 1,184. Market pricing typically extends from RM 944.00 to RM 1,162.00, reflecting moderate variation in unit pricing. With an IQR of RM 218.00 and MAD of RM 131, 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.