Penang
Timur Laut
13
MEDAN MUTIARA

MEDAN MUTIARA

Area Intelligence

2022

Median Price

RM 296,000

PSF: RM 423

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Residential PSF Trends

Median Price

RM 296,000

PSF: RM 423

MEDAN MUTIARA in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 296K and a median price per square foot (PSF) of RM 423.

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 296K, with most transactions falling within a stable range of RM 295K to RM 300K, and a typical market range of RM 295K to RM 305K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 423, with most transactions between RM 417 and RM 429. The usual range is RM 410.75 to RM 435.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 24.50 and an average deviation (MAD) of RM 6 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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MEDAN MUTIARA, Timur Laut, Penang

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