OCEAN VIEW (BANDAR SRI PINANG)

OCEAN VIEW (BANDAR SRI PINANG) in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 460K and a median price per square foot (PSF) of RM 528.

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 460K, with most transactions falling within a stable range of RM 405K to RM 590K, and a typical market range of RM 444K to RM 476K.

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

For price per square foot, the median is RM 528, with most transactions between RM 476 and RM 580. The usual range is RM 506.13 to RM 549.88, 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 52 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.