SHOREFRONT RESIDENCES

SHOREFRONT RESIDENCES in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 2.23 million and a median price per square foot (PSF) of RM 1,324.

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 2.23 million, with most transactions falling within a stable range of RM 1.90 million to RM 2.55 million, and a typical market range of RM 1.90 million to RM 2.55 million.

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

For price per square foot, the median is RM 1,324, with most transactions between RM 1,196 and RM 1,451. The usual range is RM 1,271.50 to RM 1,375.50, showing that most units are priced quite close to each other. With an IQR of RM 104.00 and MAD of RM 128, 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.