Area Intelligence

THE SUITE AT WATERSIDE

8 properties
2022
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Median Price
RM 895,500
PSF: RM 650

Residential Market

Median Price

RM 895,500

IQR: RM 196
MAD: RM 76
RM 650 PSF 1.8%

PSF Trends (2021-2025)

THE SUITE AT WATERSIDE in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 896K and a median price per square foot (PSF) of RM 650.

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 896K, with most transactions falling within a stable range of RM 610K to RM 1.27 million, and a typical market range of RM 610K to RM 1.26 million.

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

Price per square foot shows a median of RM 650, though individual units vary from RM 480 to RM 820 in the core range. The broader market spans RM 552.13 to RM 747.88, indicating diverse property characteristics. A wider spread (IQR: RM 195.75) and deviation (MAD: RM 170) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

Area Location

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THE SUITE AT WATERSIDE, Timur Laut, Penang

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Transactions

8 properties grouped by size

850 sqft
1 units Condo/Apartment
RM 991,000
861 sqft · RM 1,151.00 PSF
May 2022
1,000 sqft
2 units Condo/Apartment
RM 610,000
1,012 sqft · RM 603.00 PSF
Dec 2022
RM 650,000
1,012 sqft · RM 642.00 PSF
Nov 2022
1,200 sqft
1 units Condo/Apartment
RM 800,000
1,219 sqft · RM 656.00 PSF
Jun 2022
1,300 sqft
1 units Condo/Apartment
RM 800,000
1,305 sqft · RM 613.00 PSF
Dec 2022
1,850 sqft
2 units Condo/Apartment
RM 1,390,000
1,865 sqft · RM 745.00 PSF
Jun 2022
RM 1,450,000
1,843 sqft · RM 787.00 PSF
Jan 2022
2,550 sqft
1 units Condo/Apartment
RM 1,650,000
2,562 sqft · RM 644.00 PSF
Sep 2022