MARINOX SKY VILLAS

MARINOX SKY VILLAS in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 1.05 million and a median price per square foot (PSF) of RM 606.

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 1.05 million, with most transactions falling within a stable range of RM 740K to RM 1.45 million, and a typical market range of RM 947K to RM 1.15 million.

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

The median PSF stands at RM 606, with core pricing between RM 487 and RM 725. Market pricing typically extends from RM 583.50 to RM 628.50, reflecting moderate variation in unit pricing. The spread of RM 45.00 (IQR) and deviation of RM 119 (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.