MARINOX SKY VILLAS

MARINOX SKY VILLAS in Timur Laut, Penang recorded 4 subsale transactions in 2021, with a median price of RM 1.08 million and a median price per square foot (PSF) of RM 661.

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 1.08 million, with most transactions falling within a stable range of RM 888K to RM 1.52 million, and a typical market range of RM 974K to RM 1.18 million.

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

Price per square foot shows a median of RM 661, though individual units vary from RM 515 to RM 807 in the core range. The broader market spans RM 638.50 to RM 683.50, indicating diverse property characteristics. The spread of RM 45.00 (IQR) and deviation of RM 146 (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.