BANDAR BARU TELUK KUMBAR in Barat Daya, Penang recorded 14 subsale transactions in 2023, with a median price of RM 335K and a median price per square foot (PSF) of RM 335.
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 335K, with most transactions falling within a stable range of RM 218K to RM 453K, and a typical market range of RM 225K to RM 445K.
Most transactions involved low-cost flat, with moderate diversity in property types available.
For price per square foot, the median is RM 335, with most transactions between RM 311 and RM 360. The usual range is RM 309.63 to RM 360.38, 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.
