MEDAN MUTIARA

MEDAN MUTIARA in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 328K and a median price per square foot (PSF) of RM 469.

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 328K, with most transactions falling within a stable range of RM 323K to RM 333K, and a typical market range of RM 319K to RM 336K.

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

For price per square foot, the median is RM 469, with most transactions between RM 462 and RM 476. The usual range is RM 456.25 to RM 480.75, 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 7 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.