TAMAN SRI RELAU in Timur Laut, Penang recorded 15 subsale transactions in 2022, with a median price of RM 201K and a median price per square foot (PSF) of RM 292.
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 201K, with most transactions falling within a stable range of RM 170K to RM 233K, and a typical market range of RM 171K to RM 231K.
Most transactions involved flats, with minimal variety in property types.
The median PSF stands at RM 292, with core pricing between RM 246 and RM 338. Market pricing typically extends from RM 248.50 to RM 335.50, reflecting moderate variation in unit pricing. The spread of RM 87.00 (IQR) and deviation of RM 46 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
