TAMAN TERUBONG JAYA

TAMAN TERUBONG JAYA in Timur Laut, Penang recorded 44 subsale transactions in 2023, with a median price of RM 150K and a median price per square foot (PSF) of RM 251.

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 150K, with most transactions falling within a stable range of RM 100K to RM 200K, and a typical market range of RM 90K to RM 210K.

Most transactions involved low-cost flat, though some variety exists in the market.

The median PSF stands at RM 251, with core pricing between RM 209 and RM 293. Market pricing typically extends from RM 210.75 to RM 290.25, reflecting moderate variation in unit pricing. The spread of RM 79.50 (IQR) and deviation of RM 42 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.