BANDAR BARU TELUK KUMBAR in Barat Daya, Penang recorded 6 subsale transactions in 2023, with a median price of RM 160K and a median price per square foot (PSF) of RM 317.
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 160K, with most transactions falling within a stable range of RM 43K to RM 278K, and a typical market range of RM 50K to RM 270K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
For price per square foot, the median is RM 317, with most transactions between RM 292 and RM 341. The usual range is RM 291.13 to RM 341.88, 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.
