MARINA BAY

MARINA BAY in Timur Laut, Penang recorded 1 subsale transactions in 2021, with a median price of RM 550K and a median price per square foot (PSF) of RM 487.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 487, with most transactions between RM 487 and RM 487. The usual range is RM 458.50 to RM 515.50, showing that most units are priced quite close to each other. With an IQR of RM 57.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.