Penang
Timur Laut
13
TAMAN RELAU JAYA

TAMAN RELAU JAYA

Area Intelligence

2023

Median Price

RM 190,000

PSF: RM 346

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Residential PSF Trends

Median Price

RM 180,000

PSF: RM 328

Commercial PSF Trends

Median Price

RM 2,000,000

RM 1,429 PSF

TAMAN RELAU JAYA in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 190K and a median price per square foot (PSF) of RM 346.

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 190K, with most transactions falling within a stable range of RM 175K to RM 200K, and a typical market range of RM 177K to RM 200K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 346, with most transactions between RM 319 and RM 373. The usual range is RM 323.00 to RM 369.00, 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 27 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.

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TAMAN RELAU JAYA, Timur Laut, Penang

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