|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Lorong Desa Kuala Muda 12
|
RM 180,000
|
RM 70
|
2,573 sqft
|
|
Bungalow |
|
Lorong Desa Kuala Muda 14
|
RM 265,000
|
RM 103
|
2,573 sqft
|
|
Bungalow |
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Market Snapshot
ResidentialRM 222,500
RM 86 psfMedian transaction price
Lorong Desa Kuala Muda 1, 13110 Penaga, Pulau Pinang, Malaysia
MapsTaman Desa Kuala Muda in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2024, with a median price of RM 223K and a median price per square foot (PSF) of RM 86.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 223K, with most transactions falling within a stable range of RM 180K to RM 265K, and a typical market range of RM 180K to RM 265K.
Most transactions involved detached, with minimal variety in property types.
The median PSF stands at RM 86, with core pricing between RM 70 and RM 103. Market pricing typically extends from RM 67.24 to RM 105.74, reflecting moderate variation in unit pricing. The spread of RM 38.50 (IQR) and deviation of RM 17 (MAD) suggest moderate price variations reflecting different property features.
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.