Penang
Barat Daya
9
BANDAR BARU TELUK KUMBAR

BANDAR BARU TELUK KUMBAR

Area Intelligence

2023

Median Price

RM 335,000

PSF: RM 335

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Residential PSF Trends

Median Price

RM 330,000

PSF: RM 334

Commercial PSF Trends

Median Price

RM 830,000

RM 593 PSF

BANDAR BARU TELUK KUMBAR in Barat Daya, Penang recorded 14 subsale transactions in 2023, with a median price of RM 335K and a median price per square foot (PSF) of RM 335.

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.

Most transactions involved low-cost flat, with moderate diversity in property types available.

For price per square foot, the median is RM 335, with most transactions between RM 335 and RM 335. The usual range is RM 309.63 to RM 360.38, showing that most units are priced quite close to each other. With an IQR of RM 50.75 and MAD of RM 0, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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BANDAR BARU TELUK KUMBAR, Barat Daya, Penang

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