BANDAR BARU TELUK KUMBAR in Barat Daya, Penang recorded 12 subsale transactions in 2022, with a median price of RM 150K and a median price per square foot (PSF) of RM 297.
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 150K, with most transactions falling within a stable range of RM 33K to RM 268K, and a typical market range of RM 40K to RM 260K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
For price per square foot, the median is RM 297, with most transactions between RM 273 and RM 322. The usual range is RM 271.63 to RM 322.38, 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.
