OCEAN VIEW (BANDAR SRI PINANG)

OCEAN VIEW (BANDAR SRI PINANG) in Timur Laut, Penang recorded 10 subsale transactions in 2022, with a median price of RM 449K and a median price per square foot (PSF) of RM 510.

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 449K, with most transactions falling within a stable range of RM 419K to RM 479K, and a typical market range of RM 433K to RM 465K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 510, with most transactions between RM 475 and RM 544. The usual range is RM 487.63 to RM 531.38, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 43.75 and an average deviation (MAD) of RM 35 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.