Timur Laut, Penang · Freehold · 28 transactions
Estimated Market Value
Units (1055–1270 sqft) estimated at RM1.01M – RM1.21M based on median PSF of RM954/sqft (28 verified transactions)
+0.8%
since 2022
Median Price
RM1.02M
RM994K – RM1.15M
Median PSF
RM954
RM934 – RM977
Transactions
28
2022-04 to 2024-09
Size Range
1055 – 1270
sq.ft (built-up)
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Sept 2024 | Condominium/Apartment | Freehold | 1,270 | RM890 | RM1.13M |
| Jul 2024 | Condominium/Apartment | Freehold | 1,270 | RM866 | RM1.10M |
| May 2024 | Condominium/Apartment | Freehold | 1,249 | RM961 | RM1.20M |
| Apr 2024 | Condominium/Apartment | Freehold | 1,249 | RM953 | RM1.19M |
| Mar 2024 | Condominium/Apartment | Freehold | 1,055 | RM1086 | RM1.15M |
| Mar 2024 | Condominium/Apartment | Freehold | 1,249 | RM975 | RM1.22M |
| Feb 2024 | Condominium/Apartment | Freehold | 1,055 | RM960 | RM1.01M |
| Dec 2023 | Condominium/Apartment | Freehold | 1,055 | RM966 | RM1.02M |
20 more transactions hidden
WATERSIDE RESIDENCE · 28 transactions
vs RM200–500 valuer fee
RM69.90
one-time · no subscription
Investment ROI since first transaction
Capital gain 2022–2024 + est. rental yield
Market verdict
Trend direction, liquidity rating, PSF vs Timur Laut average
All 28 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 WATERSIDE RESIDENCE
Earliest PSF (2022)
RM953
Current PSF (2024)
RM960
Capital Gain
+0.8%
Total Return (est.)
4.4% p.a.
| Capital appreciation (2 years) | +0.8% |
| Annualised capital return | +0.4% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 4.4% p.a. |
| vs Fixed Deposit (3.5% p.a. x 2yr) | +1.8% |
*Based on earliest recorded transaction (2022). Actual launch price may differ. Rental yield computed from 0 active rental listings.
Median Rent
RM3,400/mo
Rent Range
RM2800-4000
25th – 75th pct
Rent PSF
RM3.18
Est. Yield
4.0% p.a.
| Furnishing | Est. Rent |
|---|---|
| Bare/Unfurnished | RM2,900/mo |
| Semi Furnished | RM3,400/mo |
| Fully Furnished | RM4,300/mo |
*Estimated rental figures based on Penang district average gross yield (4%). Actual rents may vary.
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 1,050 sqft | 17 | RM1.01M | RM954 |
| 1,250 sqft | 10 | RM1.20M | RM961 |
PSF Trend: Stable
PSF moved from RM953 (2022) to RM960 (2024)
Liquidity: Moderate
28 transactions over 2 years (~14/year)
117% above Timur Laut average
This project: RM954 PSF vs Timur Laut median: RM440 PSF
Est. Total Return: 4.4% p.a. (beats FD)
Capital gain (0.4% p.a.) + rental yield (~4% p.a.)
WATERSIDE RESIDENCE delivers a moderate estimated total return of 4.4% p.a. — comprising +0.4% capital appreciation and ~4% rental yield over 2 years. This outperforms fixed deposits (3.5% p.a.) when rental income is factored in. PSF trades at a significant 117% premium over the Timur Laut average — upside may be limited unless the area appreciates. Best suited for long-term holders, those who value liquidity.
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ROI since first transaction, unit mix breakdown, rental yield, area comparison & market verdict
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