Penang
Timur Laut
13
THE IDEAL REGENCY

THE IDEAL REGENCY

Area Intelligence

2021

Median Price

RM 788,000

PSF: RM 530

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Residential PSF Trends

Median Price

RM 788,000

PSF: RM 530

THE IDEAL REGENCY in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 788K and a median price per square foot (PSF) of RM 530.

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 788K, with most transactions falling within a stable range of RM 738K to RM 838K, and a typical market range of RM 713K to RM 863K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 530, with most transactions between RM 515 and RM 545. The usual range is RM 512.00 to RM 548.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 36.00 and an average deviation (MAD) of RM 15 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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THE IDEAL REGENCY, Timur Laut, Penang

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