Penang
Barat Daya
9
BANDAR BARU TELUK KUMBAR

BANDAR BARU TELUK KUMBAR

Area Intelligence

2024

Median Price

RM 300,000

PSF: RM 316

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Residential PSF Trends

Median Price

RM 295,000

PSF: RM 312

Commercial PSF Trends

Median Price

RM 800,000

RM 572 PSF

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 800K to RM 338K, and a typical market range of RM 800K to RM 410K.

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

The median PSF stands at RM 316, with core pricing between RM 255 and RM 378. Market pricing typically extends from RM 290.63 to RM 341.38, reflecting moderate variation in unit pricing. The spread of RM 50.75 (IQR) and deviation of RM 62 (MAD) suggest moderate price variations reflecting different property features.

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.

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BANDAR BARU TELUK KUMBAR, Barat Daya, Penang

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