TAMAN TELUK KUMBAR

TAMAN TELUK KUMBAR in Barat Daya, Penang recorded 10 subsale transactions in 2022, with a median price of RM 138K and a median price per square foot (PSF) of RM 297.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 138K, with most transactions falling within a stable range of RM 115K to RM 161K, and a typical market range of RM 118K to RM 158K.

Most transactions involved low-cost flat, with minimal variety in property types.

The median PSF stands at RM 297, with core pricing between RM 247 and RM 347. Market pricing typically extends from RM 254.00 to RM 340.00, reflecting moderate variation in unit pricing. The spread of RM 86.00 (IQR) and deviation of RM 50 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.