Timur Laut, Penang · Freehold · 15 transactions
Estimated Market Value
Units (5834–5834 sqft) estimated at RM2.90M – RM2.90M based on median PSF of RM497/sqft (15 verified transactions)
+21.5%
since 2021
Median Price
RM2.90M
RM2.70M – RM3.28M
Median PSF
RM497
RM463 – RM562
Transactions
15
2021-10 to 2025-02
Size Range
5834 – 5834
sq.ft (built-up)
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Feb 2025 | Condominium/Apartment | Freehold | 5,834 | RM562 | RM3.28M |
| Aug 2024 | Condominium/Apartment | Freehold | 5,834 | RM747 | RM4.36M |
| Jul 2024 | Condominium/Apartment | Freehold | 5,834 | RM574 | RM3.35M |
| Jul 2024 | Condominium/Apartment | Freehold | 5,834 | RM574 | RM3.35M |
| Jun 2024 | Condominium/Apartment | Freehold | 5,834 | RM562 | RM3.28M |
| Jan 2024 | Condominium/Apartment | Freehold | 5,834 | RM429 | RM2.50M |
| Dec 2023 | Condominium/Apartment | Freehold | 5,834 | RM473 | RM2.76M |
| Nov 2023 | Condominium/Apartment | Freehold | 5,834 | RM480 | RM2.80M |
7 more transactions hidden
THE COVE · 15 transactions
vs RM200–500 valuer fee
RM69.90
one-time · no subscription
Investment ROI since first transaction
Capital gain 2021–2025 + est. rental yield
Market verdict
Trend direction, liquidity rating, PSF vs Timur Laut average
All 15 transaction records
Complete data, filterable & sortable
3 interactive charts
Scatter plot, price & PSF vs Timur Laut & Penang
Unit mix breakdown
Median price & PSF by size category
Rental yield analysis
Est. monthly rent by furnishing type
Data-driven insights for THE COVE
Earliest PSF (2021)
RM463
Current PSF (2025)
RM562
Capital Gain
+21.5%
Total Return (est.)
9.4% p.a.
| Capital appreciation (4 years) | +21.5% |
| Annualised capital return | +5.4% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 9.4% p.a. |
| vs Fixed Deposit (3.5% p.a. x 4yr) | +23.5% |
*Based on earliest recorded transaction (2021). Actual launch price may differ. Rental yield computed from 0 active rental listings.
Median Rent
RM9,700/mo
Rent Range
RM8000-11400
25th – 75th pct
Rent PSF
RM1.66
Est. Yield
4.0% p.a.
| Furnishing | Est. Rent |
|---|---|
| Bare/Unfurnished | RM8,200/mo |
| Semi Furnished | RM9,700/mo |
| Fully Furnished | RM12,100/mo |
*Estimated rental figures based on Penang district average gross yield (4%). Actual rents may vary.
PSF Trend: Appreciating
PSF moved from RM463 (2021) to RM562 (2025)
Liquidity: Low
15 transactions over 4 years (~4/year)
13% above Timur Laut average
This project: RM497 PSF vs Timur Laut median: RM440 PSF
Est. Total Return: 9.4% p.a. (beats FD)
Capital gain (5.4% p.a.) + rental yield (~4% p.a.)
THE COVE delivers a strong estimated total return of 9.4% p.a. — comprising +5.4% capital appreciation and ~4% rental yield over 4 years. This outperforms fixed deposits (3.5% p.a.) when rental income is factored in. PSF is 13% above the Timur Laut average, reflecting its positioning as a premium development in the area. Best suited for capital gain seekers, long-term holders.
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ROI since first transaction, unit mix breakdown, rental yield, area comparison & market verdict
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