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 238K to RM 343K, and a typical market range of RM 174K to RM 406K.

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

The median PSF stands at RM 414, with core pricing between RM 360 and RM 468. Market pricing typically extends from RM 358.13 to RM 469.88, reflecting moderate variation in unit pricing. With an IQR of RM 111.75 and MAD of RM 54, 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.