Price

• Median price in psf is RM691
• Median absolute price is RM800,000

Annual Price Change: (Unavailable due to Covid disruption. This metric will be reinstated in the next research cycle)

• Median price declined by 22.2 percent from 2020 to 2024.
• Encorp Marina and Imperia contributed significantly to this decline.
• Compared to the based year of 2013, prices are 17.5 percent lower.

Market Insights

• The decline in property prices at Puteri Harbour has been primarily driven by Encorp Marina and Imperia, which faced increased competition from nearby developments offering better sea views and more optimally sized units.
• Additionally, the closure of a Singapore-based sailing club and a decline in foot traffic led to the shutdown of several F&B outlets, impacting the area’s vibrancy.

However, Datamine views Puteri Harbour as an undervalued area with strong growth potential. The area’s strategic location, coupled with its international harbour and future connectivity to Singapore, positions it for a promising recovery. More details on our projections can be found in the Forecast Section.

Highest and Lowest Price:

• Highest Priced psf :
  • Pinetree Residence
  • Southern Marina
• Lowest Priced psf:
  • Imperia
  • Encorp Marina