TAMAN TERUBONG INDAH (MAJESTIC HEIGHTS) in Timur Laut, Penang recorded 1 subsale transactions in 2021, with a median price of RM 207K and a median price per square foot (PSF) of RM 196.
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 207K, with most transactions falling within a stable range of RM 114K to RM 300K, and a typical market range of RM 84K to RM 330K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
Price per square foot shows a median of RM 196, though individual units vary from RM 79 to RM 313 in the core range. The broader market spans RM 108.50 to RM 283.50, indicating diverse property characteristics. A wider spread (IQR: RM 175.00) and deviation (MAD: RM 117) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
