DESA MUTIARA II (TAMAN MUTIARA INDAH)

DESA MUTIARA II (TAMAN MUTIARA INDAH) in Timur Laut, Penang recorded 9 subsale transactions in 2023, with a median price of RM 290K and a median price per square foot (PSF) of RM 414.

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 290K, with most transactions falling within a stable range of RM 279K to RM 290K, and a typical market range of RM 255K to RM 290K.

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

For price per square foot, the median is RM 414, with most transactions between RM 398 and RM 430. The usual range is RM 358.13 to RM 469.88, showing that most units are priced quite close to each other. With an IQR of RM 111.75 and MAD of RM 16, 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.