Penang
Timur Laut
13
THE VIEW

THE VIEW

Area Intelligence

2023

Median Price

RM 887,500

PSF: RM 421

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Residential PSF Trends

Median Price

RM 887,500

PSF: RM 421

THE VIEW in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 888K and a median price per square foot (PSF) of RM 421.

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 888K, with most transactions falling within a stable range of RM 800K to RM 975K, and a typical market range of RM 816K to RM 959K.

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

For price per square foot, the median is RM 421, with most transactions between RM 379 and RM 462. The usual range is RM 392.25 to RM 448.75, showing that most units are priced quite close to each other. With an IQR of RM 56.50 and MAD of RM 42, 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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