Summit Inn Dev.

Batu Ferringhi, Penang, Malaysia

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Summit Inn Dev. in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM72K and a median price per square foot (PSF) of RM139.

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 RM72K, with most transactions falling within a stable range of RM50K to RM93K, and a typical market range of RM61K to RM82K.

Most transactions involved flats, with minimal variety in property types.

Price per square foot shows a median of RM139, though individual units vary from RM97 to RM180 in the core range. The broader market spans RM117.75 to RM159.25, indicating diverse property characteristics. A wider spread (IQR: RM41.50) and deviation (MAD: RM42) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.