U-GARDEN in Timur Laut, Penang recorded 14 subsale transactions in 2023, with a median price of RM 343K and a median price per square foot (PSF) of RM 483.
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 343K, with most transactions falling within a stable range of RM 254K to RM 425K, and a typical market range of RM 275K to RM 410K.
Most transactions involved flats, though some variety exists in the market.
Price per square foot shows a median of RM 483, though individual units vary from RM 383 to RM 582 in the core range. The broader market spans RM 426.50 to RM 538.50, indicating diverse property characteristics. The spread of RM 112.00 (IQR) and deviation of RM 99 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.