MELODY HOMES

Area Intelligence
2023
Median Price
RM 350,000
PSF: RM 471

Residential PSF Trends

Median Price

RM 350,000

PSF: RM 471

MELODY HOMES in Timur Laut, Penang recorded 9 subsale transactions in 2023, with a median price of RM 350K and a median price per square foot (PSF) of RM 471.

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 350K, with most transactions falling within a stable range of RM 313K to RM 387K, and a typical market range of RM 323K to RM 377K.

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

The median PSF stands at RM 471, with core pricing between RM 421 and RM 521. Market pricing typically extends from RM 435.25 to RM 506.75, reflecting moderate variation in unit pricing. With an IQR of RM 71.50 and MAD of RM 50, the PSF demonstrates reasonable consistency across the market.

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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MELODY HOMES, Timur Laut, Penang

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Transactions

9 transactions found

RM 315,000
Level 25
700 sqft RM 450.00 PSF
RM 350,000
Level 5
743 sqft RM 471.00 PSF
RM 400,000
Level 8
743 sqft RM 539.00 PSF
RM 370,000
Level 16
700 sqft RM 529.00 PSF
RM 420,000
Level 20
700 sqft RM 600.00 PSF
RM 360,000
Level 7
700 sqft RM 515.00 PSF
RM 325,000
Level 16
700 sqft RM 465.00 PSF
RM 328,000
Level 24
700 sqft RM 469.00 PSF
RM 303,000
Level 9
700 sqft RM 433.00 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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