Timur Laut, Penang · Freehold · 5 transactions
Median Price
RM2.13M
RM1.90M – RM2.55M
Median PSF
RM1251
RM1215 – RM1319
Transactions
5
2021-09 to 2024-08
Size Range
1398 – 2123
sq.ft (built-up)
Data-driven insights for SHOREFRONT RESIDENCES
Earliest PSF (2021)
RM1251
Current PSF (2024)
RM1319
Capital Gain
+5.4%
Total Return (est.)
5.8% p.a.
| Capital appreciation (3 years) | +5.4% |
| Annualised capital return | +1.8% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 5.8% p.a. |
| vs Fixed Deposit (3.5% p.a. x 3yr) | +6.9% |
*Based on earliest recorded transaction (2021). Actual launch price may differ. Rental yield estimated from Penang district averages.
PSF Trend: Stable
PSF moved from RM1251 (2021) to RM1319 (2024)
Liquidity: Low
5 transactions over 3 years (~2/year)
173% above Timur Laut average
This project: RM1251 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: 5.8% p.a. (beats FD)
Capital gain (1.8% p.a.) + rental yield (~4% p.a.)
SHOREFRONT RESIDENCES delivers a moderate estimated total return of 5.8% p.a. — comprising +1.8% capital appreciation and ~4% rental yield over 3 years. This outperforms fixed deposits (3.5% p.a.) when rental income is factored in. PSF trades at a significant 173% premium over the Timur Laut average — upside may be limited unless the area appreciates. Best suited for long-term holders.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Aug 2024 | Condominium/Apartment | Freehold | 2,123 | RM1319 | RM2.80M |
| May 2022 | Condominium/Apartment | Freehold | 1,588 | RM1196 | RM1.90M |
| May 2022 | Condominium/Apartment | Freehold | 1,757 | RM1451 | RM2.55M |
| Dec 2021 | Condominium/Apartment | Freehold | 1,398 | RM1251 | RM1.75M |
| Sept 2021 | Condominium/Apartment | Freehold | 1,757 | RM1215 | RM2.13M |
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 5 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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