GRAND OCEAN APARTMENT
Timur Laut, Penang · Freehold · 10 transactions
Median Price
RM600K
RM520K – RM648K
Median PSF
RM507
RM481 – RM516
Transactions
10
2022-03 to 2025-12
Size Range
1055 – 3100
sq.ft (built-up)
Recorded Transactions
Median Price
Median PSF
Market Analysis
Data-driven insights for GRAND OCEAN APARTMENT
Investment Return
Earliest PSF (2022)
RM516
Current PSF (2025)
RM481
Capital Gain
-6.9%
Total Return (est.)
1.7% p.a.
| Capital appreciation (3 years) | -6.9% |
| Annualised capital return | -2.3% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 1.7% p.a. |
| vs Fixed Deposit (3.5% p.a. x 3yr) | -5.4% |
*Based on earliest recorded transaction (2022). Actual launch price may differ. Rental yield estimated from Penang district averages.
Unit Mix Breakdown
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 1,050 sqft | 2 | RM500K | RM474 |
| 1,100 sqft | 3 | RM548K | RM509 |
| 1,250 sqft | 3 | RM600K | RM481 |
Market Verdict
PSF Trend: Stable
PSF moved from RM516 (2022) to RM481 (2025)
Liquidity: Low
10 transactions over 3 years (~3/year)
11% above Timur Laut average
This project: RM507 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: 1.7% p.a. (below FD)
Capital loss (-2.3% p.a.) + rental yield (~4% p.a.)
Verdict
GRAND OCEAN APARTMENT delivers a modest estimated total return of 1.7% p.a. — comprising -2.3% capital depreciation and ~4% rental yield over 3 years. This underperforms fixed deposits (3.5% p.a.), suggesting limited investment appeal at current prices. PSF is 11% above the Timur Laut average, reflecting its positioning as a premium development in the area. Best suited for long-term holders.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
Transaction History
Showing 5 of 10| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Dec 2025 | Condominium/Apartment | Freehold | 1,249 | RM481 | RM600K |
| Nov 2024 | Condominium/Apartment | Freehold | 1,281 | RM507 | RM650K |
| Jan 2024 | Condominium/Apartment | Freehold | 1,076 | RM581 | RM625K |
| Mar 2023 | Condominium/Apartment | Freehold | 1,055 | RM469 | RM495K |
| Mar 2023 | Condominium/Apartment | Freehold | 1,076 | RM509 | RM548K |
5 more transactions hidden
Full Report Includes
Complete NAPIC transaction data with trend analysis — RM69.90 per report
Investment ROI
Capital gain + rental yield since launch
Market verdict
Trend, liquidity, and area comparison
Unit mix breakdown
Price & PSF by unit size
All transactions
Full table of 10 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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