ISLAND PARK

ISLAND PARK in Timur Laut, Penang recorded 12 subsale transactions in 2024, with a median price of RM 1.81 million and a median price per square foot (PSF) of RM 689.

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 1.81 million, with most transactions falling within a stable range of RM 1.05 million to RM 2.84 million, and a typical market range of RM 1.23 million to RM 2.40 million.

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

Price per square foot shows a median of RM 689, though individual units vary from RM 542 to RM 835 in the core range. The broader market spans RM 602.75 to RM 774.25, indicating diverse property characteristics. The spread of RM 171.50 (IQR) and deviation of RM 146 (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.