TAMAN TERUBONG JAYA in Timur Laut, Penang recorded 33 subsale transactions in 2022, with a median price of RM 143K and a median price per square foot (PSF) of RM 241.
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 143K, with most transactions falling within a stable range of RM 74K to RM 212K, and a typical market range of RM 83K to RM 203K.
Most transactions involved low-cost flat, though some variety exists in the market.
Price per square foot shows a median of RM 241, though individual units vary from RM 174 to RM 308 in the core range. The broader market spans RM 201.25 to RM 280.75, indicating diverse property characteristics. A wider spread (IQR: RM 79.50) and deviation (MAD: RM 67) 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. Moderate transaction volume may require patience when buying or selling.
