SANDY BAY HOTEL

SANDY BAY HOTEL in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 193K and a median price per square foot (PSF) of RM 385.

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 193K, with most transactions falling within a stable range of RM 160K to RM 225K, and a typical market range of RM 160K to RM 225K.

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

The median PSF stands at RM 385, with core pricing between RM 320 and RM 450. Market pricing typically extends from RM 353.50 to RM 416.50, reflecting moderate variation in unit pricing. The spread of RM 63.00 (IQR) and deviation of RM 65 (MAD) suggest moderate price variations reflecting different property features.

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.