SYKT. KERJASAMA SUNGAI. GELUGOR in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 780K and a median price per square foot (PSF) of RM 274.
This area contains both residential and commercial properties. View 16 residential properties or 2 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 780K, with most transactions falling within a stable range of RM 480K to RM 1.08 million, and a typical market range of RM 530K to RM 1.03 million.
Most transactions involved detached, with high diversity across multiple property types.
The median PSF stands at RM 274, with core pricing between RM 225 and RM 323. Market pricing typically extends from RM 219.88 to RM 328.13, reflecting moderate variation in unit pricing. The spread of RM 108.25 (IQR) and deviation of RM 49 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
