THE ZEN

Area Intelligence
2024
Median Price
RM 555,000
PSF: RM 659

Residential PSF Trends

Median Price

RM 545,000

PSF: RM 641

Commercial PSF Trends

Median Price

RM 1,000,000

RM 1,195 PSF

THE ZEN in Timur Laut, Penang recorded 30 subsale transactions in 2024, with a median price of RM 555K and a median price per square foot (PSF) of RM 659.

This area contains both residential and commercial properties. View 27 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 555K, with most transactions falling within a stable range of RM 435K to RM 784K, and a typical market range of RM 511K to RM 599K.

Most transactions involved condominium/apartment, though some variety exists in the market.

Price per square foot shows a median of RM 659, though individual units vary from RM 444 to RM 874 in the core range. The broader market spans RM 599.75 to RM 718.25, indicating diverse property characteristics. A wider spread (IQR: RM 118.50) and deviation (MAD: RM 215) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.

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THE ZEN, Timur Laut, Penang

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Transactions

9 transactions grouped by size

850 sqft
Condo/Apartment
RM 498,000
Level 18
850 sqft · RM 586 PSF
RM 438,000
Level 16
850 sqft · RM 515 PSF
RM 435,000
Level 26
850 sqft · RM 512 PSF
RM 455,000
Level 41
850 sqft · RM 535 PSF
RM 448,000
Level 26
850 sqft · RM 527 PSF
RM 455,000
Level 31
850 sqft · RM 535 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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