GRAND OCEAN APARTMENT

GRAND OCEAN APARTMENT in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 638K and a median price per square foot (PSF) of RM 544.

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 638K, with most transactions falling within a stable range of RM 625K to RM 650K, and a typical market range of RM 625K to RM 650K.

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

For price per square foot, the median is RM 544, with most transactions between RM 507 and RM 581. The usual range is RM 526.50 to RM 561.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 35.00 and an average deviation (MAD) of RM 37 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.