TAMAN PAYA TERUBONG in Timur Laut, Penang recorded 9 subsale transactions in 2024, with a median price of RM 160K and a median price per square foot (PSF) of RM 293.
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 160K, with most transactions falling within a stable range of RM 120K to RM 200K, and a typical market range of RM 126K to RM 195K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 293, though individual units vary from RM 225 to RM 361 in the core range. The broader market spans RM 229.00 to RM 357.00, indicating diverse property characteristics. The spread of RM 128.00 (IQR) and deviation of RM 68 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
