MARINOX SKY VILLAS

MARINOX SKY VILLAS in Timur Laut, Penang recorded 14 subsale transactions in 2022, with a median price of RM 930K and a median price per square foot (PSF) of RM 609.

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 930K, with most transactions falling within a stable range of RM 817K to RM 1.04 million, and a typical market range of RM 827K to RM 1.03 million.

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

For price per square foot, the median is RM 609, with most transactions between RM 564 and RM 654. The usual range is RM 586.50 to RM 631.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 45.00 and an average deviation (MAD) of RM 45 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.