Island Park
Timur Laut, Penang · Terraced house · Freehold
Homes in Island Park have sold for a median of
RM1,320,000
RM843 psf on the recorded floor area
Half of the 57 recorded sales fell between RM1,140,000 and RM2,100,000. One in ten went under RM995,000, one in ten over RM2,920,000. Sales run from 1 May 2021 to 29 January 2026.
Down 10% from a RM1,430,000 median in 2021 to RM1,280,000 in 2025.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What terraced house sell for across Penang, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as terraced house under a Freehold title. Landed homes here are usually compared by whole-house price rather than psf alone; title type still matters when you sell or borrow — strata vs individual title.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM1,430,000 | RM1035 psf | 5 |
| 2022 | RM1,150,000 | RM734 psf | 15 |
| 2023 | RM1,320,000 | RM869 psf | 19 |
| 2024 | RM1,800,000 | RM889 psf | 11 |
| 2025 | RM1,280,000 | RM759 psf | 5 |
| 2026 | RM1,605,000 | RM863 psf | 2 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other terraced house schemes in Timur Laut with enough recorded sales, cheapest first. By median sold price, Island Park sits 7 of 10 in that set.
Against Penang
Across Penang, the median recorded sale for terraced house is RM409,600 (RM373 psf), from 3,162 sales. Island Park’s own median is RM1,320,000 — higher than that state median. Full Penang table.
Cash and monthly on the RM1,320,000 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM132,000
- Transfer duty (MOT): RM36,800
- Loan duty (0.5%): RM5,940
- Total cash: RM174,740
Monthly carry
- Instalment (35y @ 4.00%): RM5,260
- Total monthly: RM5,260
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Island Park sold for?
- A median of RM1,320,000 (RM843 psf), from 57 land-office transactions between 1 May 2021 and 29 January 2026.
- What is a typical band here?
- Half of recorded sales fell between RM1,140,000 and RM2,100,000. One in ten went under RM995,000; one in ten over RM2,920,000.
- Has the median moved?
- From RM1,430,000 in 2021 to RM1,280,000 in 2025 (-10%), using only years with five or more sales.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.