THE COVE
Timur Laut, Penang · Freehold · 15 transactions
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)
Recorded Transactions
Median Price
Median PSF
Market Analysis
Data-driven insights for THE COVE
Investment Return
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 estimated from Penang district averages.
Market Verdict
PSF Trend: Appreciating
PSF moved from RM463 (2021) to RM562 (2025)
Liquidity: Low
15 transactions over 4 years (~4/year)
8% above Timur Laut average
This project: RM497 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: 9.4% p.a. (beats FD)
Capital gain (5.4% p.a.) + rental yield (~4% p.a.)
Verdict
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 in line with the Timur Laut average, suggesting fair market pricing. Best suited for capital gain seekers, long-term holders.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
Transaction History
Showing 5 of 15| 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 |
10 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 15 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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