ISLAND PARK

ISLAND PARK in Timur Laut, Penang recorded 19 subsale transactions in 2023, with a median price of RM 1.32 million and a median price per square foot (PSF) of RM 644.

This area contains both residential and commercial properties. View 50 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 RM 1.32 million, with most transactions falling within a stable range of RM 995K to RM 2.04 million, and a typical market range of RM 995K to RM 1.91 million.

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

The median PSF stands at RM 644, with core pricing between RM 524 and RM 764. Market pricing typically extends from RM 558.25 to RM 729.75, reflecting moderate variation in unit pricing. The spread of RM 171.50 (IQR) and deviation of RM 120 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.