TAMAN TERUBONG JAYA

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 93K to RM 193K, and a typical market range of RM 83K to RM 203K.

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

The median PSF stands at RM 241, with core pricing between RM 199 and RM 283. Market pricing typically extends from RM 201.25 to RM 280.75, 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.