TAMAN RELAU JAYA in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 165K and a median price per square foot (PSF) of RM 301.
This area contains both residential and commercial properties. View 15 residential properties or 1 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 165K, with most transactions falling within a stable range of RM 153K to RM 178K, and a typical market range of RM 152K to RM 178K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM 301, with most transactions between RM 278 and RM 324. The usual range is RM 278.00 to RM 324.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 46.00 and an average deviation (MAD) of RM 23 indicate a highly stable PSF trend across properties.
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.
