OCEAN VIEW (BANDAR SRI PINANG)

OCEAN VIEW (BANDAR SRI PINANG) in Timur Laut, Penang recorded 5 subsale transactions in 2024, with a median price of RM 430K and a median price per square foot (PSF) of RM 493.

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 430K, with most transactions falling within a stable range of RM 421K to RM 439K, and a typical market range of RM 415K to RM 440K.

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

For price per square foot, the median is RM 493, with most transactions between RM 482 and RM 504. The usual range is RM 471.13 to RM 514.88, 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 11 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.