SANDY BAY HOTEL

SANDY BAY HOTEL in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 223K and a median price per square foot (PSF) of RM 256.

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 223K, with most transactions falling within a stable range of RM 145K to RM 300K, and a typical market range of RM 189K to RM 256K.

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

Price per square foot shows a median of RM 256, though individual units vary from RM 192 to RM 319 in the core range. The broader market spans RM 224.00 to RM 287.00, indicating diverse property characteristics. The spread of RM 63.00 (IQR) and deviation of RM 64 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.