MELODY HOMES

MELODY HOMES in Timur Laut, Penang recorded 12 subsale transactions in 2022, with a median price of RM 368K and a median price per square foot (PSF) of RM 506.

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 368K, with most transactions falling within a stable range of RM 363K to RM 300K, and a typical market range of RM 341K to RM 300K.

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

For price per square foot, the median is RM 506, with most transactions between RM 499 and RM 514. The usual range is RM 470.25 to RM 541.75, showing that most units are priced quite close to each other. With an IQR of RM 71.50 and MAD of RM 8, 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.