SKYVIEW RESIDENCE

SKYVIEW RESIDENCE in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 780K and a median price per square foot (PSF) of RM 625.

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 780K, with most transactions falling within a stable range of RM 668K to RM 892K, and a typical market range of RM 743K to RM 818K.

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

The median PSF stands at RM 625, with core pricing between RM 555 and RM 695. Market pricing typically extends from RM 605.00 to RM 645.00, reflecting moderate variation in unit pricing. With an IQR of RM 40.00 and MAD of RM 70, 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. 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.