THE OASIS

THE OASIS in Timur Laut, Penang recorded 14 subsale transactions in 2022, with a median price of RM 568K and a median price per square foot (PSF) of RM 772.

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 568K, with most transactions falling within a stable range of RM 494K to RM 641K, and a typical market range of RM 528K to RM 608K.

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

The median PSF stands at RM 772, with core pricing between RM 649 and RM 894. Market pricing typically extends from RM 711.00 to RM 832.00, reflecting moderate variation in unit pricing. The spread of RM 121.00 (IQR) and deviation of RM 122 (MAD) suggest moderate price variations reflecting different property features.

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.