MARRIOTT RESIDENCES

MARRIOTT RESIDENCES in Timur Laut, Penang recorded 30 subsale transactions in 2024, with a median price of RM 1.88 million and a median price per square foot (PSF) of RM 2,101.

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 1.88 million, with most transactions falling within a stable range of RM 1.58 million to RM 2.91 million, and a typical market range of RM 1.75 million to RM 2.01 million.

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

For price per square foot, the median is RM 2,101, with most transactions between RM 1,946 and RM 2,255. The usual range is RM 2,051.25 to RM 2,149.75, showing that most units are priced quite close to each other. With an IQR of RM 98.50 and MAD of RM 155, 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.