Penang
Barat Daya
9
BANDAR BARU TELUK KUMBAR

BANDAR BARU TELUK KUMBAR

Area Intelligence

2021

Median Price

RM 245,000

PSF: RM 312

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Residential PSF Trends

Median Price

RM 157,500

PSF: RM 307

Commercial PSF Trends

Median Price

RM 840,000

RM 601 PSF

BANDAR BARU TELUK KUMBAR in Barat Daya, Penang recorded 10 subsale transactions in 2021, with a median price of RM 245K and a median price per square foot (PSF) of RM 312.

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 245K, with most transactions falling within a stable range of RM 800K to RM 285K, and a typical market range of RM 800K to RM 355K.

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

For price per square foot, the median is RM 312, with most transactions between RM 283 and RM 340. The usual range is RM 286.13 to RM 336.88, showing that most units are priced quite close to each other. With an IQR of RM 50.75 and MAD of RM 29, 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.

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BANDAR BARU TELUK KUMBAR, Barat Daya, Penang

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