SUN MOON CITY in Timur Laut, Penang recorded 4 subsale transactions in 2021, with a median price of RM 154K and a median price per square foot (PSF) of RM 224.
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 154K, with most transactions falling within a stable range of RM 122K to RM 186K, and a typical market range of RM 124K to RM 184K.
Most transactions involved flats, with minimal variety in property types.
Price per square foot shows a median of RM 224, though individual units vary from RM 178 to RM 269 in the core range. The broader market spans RM 180.00 to RM 267.00, indicating diverse property characteristics. The spread of RM 87.00 (IQR) and deviation of RM 46 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
