DESA MUTIARA II (TAMAN MUTIARA INDAH)

DESA MUTIARA II (TAMAN MUTIARA INDAH) in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 310K and a median price per square foot (PSF) of RM 443.

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 310K, with most transactions falling within a stable range of RM 293K to RM 300K, and a typical market range of RM 258K to RM 300K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 443, with most transactions between RM 418 and RM 468. The usual range is RM 387.13 to RM 498.88, showing that most units are priced quite close to each other. With an IQR of RM 111.75 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.