Penang
Timur Laut
13
THE VIEW

THE VIEW

Area Intelligence

2023

Median Price

RM 975,000

PSF: RM 379

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Residential PSF Trends

Median Price

RM 975,000

PSF: RM 379

THE VIEW in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 975K and a median price per square foot (PSF) of RM 379.

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 975K, with most transactions falling within a stable range of RM 888K to RM 1.06 million, and a typical market range of RM 904K to RM 1.05 million.

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

For price per square foot, the median is RM 379, with most transactions between RM 346 and RM 412. The usual range is RM 350.75 to RM 407.25, showing that most units are priced quite close to each other. With an IQR of RM 56.50 and MAD of RM 33, the PSF demonstrates reasonable consistency across the market.

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 VIEW, Timur Laut, Penang

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