Penang
Barat Daya
9
BANDAR BARU TELUK KUMBAR

BANDAR BARU TELUK KUMBAR

Area Intelligence

2021

Median Price

RM 360,000

PSF: RM 334

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Residential PSF Trends

Median Price

RM 360,000

PSF: RM 334

BANDAR BARU TELUK KUMBAR in Barat Daya, Penang recorded 3 subsale transactions in 2021, priced between RM 300K and RM 500K, with a median price of RM 360K and a median price per square foot (PSF) of RM 334.

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 360K, with most transactions falling within a stable range of RM 339K to RM 380K, and a typical market range of RM 330K to RM 380K.

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

For price per square foot, the median is RM 334, with most transactions between RM 315 and RM 354. The usual range is RM 309.08 to RM 359.83, showing that most units are priced quite close to each other. With an IQR of RM 50.75 and MAD of RM 19, 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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