TAMAN TERUBONG INDAH (MAJESTIC HEIGHTS) in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 500K and a median price per square foot (PSF) of RM 488.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 500K, with most transactions falling within a stable range of RM 407K to RM 593K, and a typical market range of RM 377K to RM 623K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
Price per square foot shows a median of RM 488, though individual units vary from RM 371 to RM 605 in the core range. The broader market spans RM 400.00 to RM 575.00, indicating diverse property characteristics. The spread of RM 175.00 (IQR) and deviation of RM 117 (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.
