PINE RESIDENCE

PINE RESIDENCE in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 695K and a median price per square foot (PSF) of RM 403.

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 695K, with most transactions falling within a stable range of RM 657K to RM 720K, and a typical market range of RM 664K to RM 720K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 403, with core pricing between RM 361 and RM 444. Market pricing typically extends from RM 381.25 to RM 423.75, reflecting moderate variation in unit pricing. With an IQR of RM 42.50 and MAD of RM 41, 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.