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QUAYSIDE CONDO (SERI TANJUNG PINANG) Transaction Price & PSF

QUAYSIDE CONDO (SERI TANJUNG PINANG) · Condominium/Apartment · Timur Laut · Pulau Pinang · Data through October 2024

Median price
RM1,550,000
Median Parcel PSF
RM1,037.83 psf96.7% usable coverage
Transactions
121
Data period
October 2024From March 2021

These are transaction-based market benchmarks for the selected scope. They are not a valuation of an individual unit.

This market snapshot focuses on QUAYSIDE CONDO (SERI TANJUNG PINANG) within Pulau Pinang, centring on the residential segment. The purpose is to explain the transaction benchmark framework and how buyers should interpret the scheme data without asserting future price movements or guarantees.

Market overview

In the Timur Laut district and the mukim of Bdr Tanjung Pinang, the QUAYSIDE CONDO scheme anchors the residential activity in this dataset. The dominant property type within the sample is Condominium/Apartment, and the dataset reflects ongoing activity across the observed period. Readers should interpret the landscape by comparing like with like—within the same property type and within the same scheme or submarket—rather than applying findings to disparate categories or making predictions about outcomes.

Property transaction benchmark

Median Parcel PSF is shown only where sufficient usable parcel area coverage supports the calculation.

Condominium/Apartment

Transactions
121
Median price
RM1,550,000
Median parcel area
1,686 sqft
Median Parcel PSF
RM1,037.83 psf
PSF coverage
96.7%

Within the residential segment, condominiums/apartments form the core focus for QUAYSIDE CONDO. Benchmarking should look at properties within this category in the same scheme and district, while recognising that individual features can influence relative outcomes.

How to interpret this market

Readers can use transaction benchmarks as reference points to gauge where a specific property sits in relation to peers of the same property type and within the same scheme. Because individual properties differ in features and setup, benchmarks should be treated as context rather than as a forecast or guarantee about performance.

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Frequently asked questions

What property type is analyzed in this market snapshot?

Condominium/Apartment is the property type examined for the residential segment of QUAYSIDE CONDO (SERI TANJUNG PINANG) in Pulau Pinang.

How should I interpret the transaction benchmarks?

Benchmarks are descriptive references based on observed transactions; use them to compare like with like within the same property type and scheme, and avoid assuming outcomes for individual properties.

Does the data promise future price movement or investment results?

No. The data provides a descriptive snapshot of transactions up to the end date and does not promise price movements or investment outcomes.

Summary

Different property categories should be compared separately. Within the residential QUAYSIDE CONDO data, users should prioritize comparing the Condominium/Apartment category against related residential categories and reference transaction benchmarks to contextualize assessments.

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Methodology

Median transaction price for the selected market scope.

Parcel PSF is the median of valid transaction-level parcel PSF values, not median price divided by median area.

Unavailable measurements are not estimated or inferred.

Parcel PSF is displayed when there are at least 10 valid PSF observations and coverage is at least 25%.

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