MARINA BAY

MARINA BAY in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 635K and a median price per square foot (PSF) of RM 466.

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 635K, with most transactions falling within a stable range of RM 536K to RM 734K, and a typical market range of RM 535K to RM 736K.

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

For price per square foot, the median is RM 466, with most transactions between RM 452 and RM 480. The usual range is RM 437.50 to RM 494.50, showing that most units are priced quite close to each other. With an IQR of RM 57.00 and MAD of RM 14, 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.