KAWASAN LEMBAH RIA (HAPPY VALLEY)

KAWASAN LEMBAH RIA (HAPPY VALLEY) in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 325K and a median price per square foot (PSF) of RM 178.

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 325K, with most transactions falling within a stable range of RM 300K to RM 350K, and a typical market range of RM 300K to RM 350K.

Most transactions involved low-cost house, with high diversity across multiple property types.

For price per square foot, the median is RM 178, with most transactions between RM 165 and RM 191. The usual range is RM 78.13 to RM 277.88, showing that most units are priced quite close to each other. With an IQR of RM 199.75 and MAD of RM 13, 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.