BandingHouse

Sea View Tower

Seberang Perai Utara, Penang · High-rise (condo, apartment, flat) · Freehold

Homes in Sea View Tower have sold for a median of

RM380,000

RM342 psf on the recorded floor area

RM345,000median RM380,000RM420,000

Half of the 43 recorded sales fell between RM345,000 and RM420,000. One in ten went under RM273,200, one in ten over RM462,000. Sales run from 18 October 2021 to 10 December 2025.

Up 0% from a RM355,000 median in 2022 to RM356,000 in 2025.

On mudah.my right now — 32 ads naming Sea View Tower

Sellers are asking a median of

RM378 psf

That is +11% above the RM342 psf buyers actually paid here across all recorded sales. Same scheme, same kind of home, same floor-area basis.

Ads asking between RM377,500 and RM422,500 make up the middle half. An ad may still describe a renovated, larger or worse unit than the sales it is compared to, and mudah.my skews to owner and urgent sales — a figure a few percent under the record is common there.

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 high-rise (condo, apartment, flat) 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 high-rise (condo, apartment, flat) under a Freehold title. High-rise parcels are usually strata: you own the parcel plus a share of the common parts, and price per square foot is how buyers compare units of different sizes. Monthly charges and the sinking fund sit on top of the purchase price — see maintenance fee and sinking fund.

Year by year

YearMedian soldPer sq ftSales
2021RM380,000RM316 psf4
2022RM355,000RM330 psf11
2023RM400,000RM342 psf15
2024RM380,000RM375 psf8
2025RM356,000RM304 psf5

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 high-rise (condo, apartment, flat) schemes in Seberang Perai Utara with enough recorded sales, cheapest first. By median sold price, Sea View Tower sits 22 of 29 in that set.

Against Penang

Across Penang, the median recorded sale for high-rise (condo, apartment, flat) is RM300,000 (RM391 psf), from 5,184 sales. Sea View Tower’s own median is RM380,000 — higher than that state median. Full Penang table.

Cash and monthly on the RM380,000 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%): RM38,000
  • Transfer duty (MOT): RM6,600
  • Loan duty (0.5%): RM1,710
  • Total cash: RM46,310
  • Qualifying first home: RM38,000 (duties exempt)

Monthly carry

  • Instalment (35y @ 4.00%): RM1,514
  • Total monthly: RM1,514

4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote

Adjust these numbers

Questions this record answers

What have homes in Sea View Tower sold for?
A median of RM380,000 (RM342 psf), from 43 land-office transactions between 18 October 2021 and 10 December 2025.
What is a typical band here?
Half of recorded sales fell between RM345,000 and RM420,000. One in ten went under RM273,200; one in ten over RM462,000.
Has the median moved?
From RM355,000 in 2022 to RM356,000 in 2025 (+0%), using only years with five or more sales.
How do live ads compare?
Ads naming Sea View Tower ask a median of RM378 psf +11% versus the RM342 psf buyers paid here. Same scheme match; not a mark-up on every listing.

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.