1 SANTORINI

1 SANTORINI in Timur Laut, Penang recorded 43 subsale transactions in 2023, with a median price of RM 490K and a median price per square foot (PSF) of RM 554.

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 490K, with most transactions falling within a stable range of RM 457K to RM 523K, and a typical market range of RM 471K to RM 509K.

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

For price per square foot, the median is RM 554, with most transactions between RM 517 and RM 591. The usual range is RM 527.38 to RM 580.63, showing that most units are priced quite close to each other. With an IQR of RM 53.25 and MAD of RM 37, 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. Moderate transaction volume may require patience when buying or selling.