|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Level 18
|
RM 470,000
|
RM 712
|
660 sqft
|
|
Serviced Apt |
| 2022 | |||||
|
Level 19
|
RM 550,000
|
RM 833
|
660 sqft
|
|
Serviced Apt |
| 2021 | |||||
|
Level 24
|
RM 450,000
|
RM 682
|
660 sqft
|
|
Serviced Apt |
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11700 Gelugor, Penang, Malaysia
MapsArte S in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 625 and 674 sqft, with a median price of RM 470K and a median price per square foot (PSF) of RM 712.
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 470K, with most transactions falling within a stable range of RM 450K to RM 513K, and a typical market range of RM 450K to RM 544K.
Most transactions involved serviced apartment, with minimal variety in property types.
For price per square foot, the median is RM 712, with most transactions between RM 647 and RM 778. The usual range is RM 631.58 to RM 792.58, showing that most units are priced quite close to each other. With an IQR of RM 161.00 and MAD of RM 65, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.