BANDAR BARU TELUK KUMBAR in Barat Daya, Penang recorded 15 subsale transactions in 2024, with a median price of RM 300K and a median price per square foot (PSF) of RM 316.
This area contains both residential and commercial properties. View 55 residential properties or 5 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 300K, with most transactions falling within a stable range of RM 183K to RM 418K, and a typical market range of RM 190K to RM 410K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
For price per square foot, the median is RM 316, with most transactions between RM 292 and RM 341. The usual range is RM 290.63 to RM 341.38, showing that most units are priced quite close to each other. With an IQR of RM 50.75 and MAD of RM 25, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
