Island Park

30, Jalan Besi, Island Park, 11600 George Town, Pulau Pinang, Malaysia

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Market Snapshot

Residential

RM1,300,000

RM668 psf

Median transaction price

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30, Jalan Besi, Island Park, 11600 George Town, Pulau Pinang, Malaysia

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Island Park in Timur Laut, Penang recorded 0 subsale transactions between 2021 and 2026, sized between 6,975 and 7,024 sqft, with a median price of RM1.31 million and a median price per square foot (PSF) of RM670.

This area contains both residential and commercial properties. View 55 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM1.31 million, with most transactions falling within a stable range of RM993K to RM1.63 million, and a typical market range of RM750K to RM1.87 million.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

The median PSF stands at RM670, with core pricing between RM585 and RM754. Market pricing typically extends from RM582.25 to RM756.75, reflecting moderate variation in unit pricing. With an IQR of RM174.50 and MAD of RM85, 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.