SYKT. KERJASAMA SUNGAI. GELUGOR in Timur Laut, Penang recorded 6 subsale transactions in 2022, with a median price of RM 799K and a median price per square foot (PSF) of RM 242.
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 799K, with most transactions falling within a stable range of RM 499K to RM 1.10 million, and a typical market range of RM 549K to RM 1.05 million.
Most transactions involved detached, with high diversity across multiple property types.
Price per square foot shows a median of RM 242, though individual units vary from RM 193 to RM 291 in the core range. The broader market spans RM 187.38 to RM 295.63, indicating diverse property characteristics. 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.
