| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 2
|
RM 270,000
|
RM 386
|
700 sqft
|
|
|
|
Level 7
|
RM 248,000
|
RM 354
|
700 sqft
|
|
|
|
Level 10
|
RM 310,000
|
RM 443
|
700 sqft
|
|
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Market Snapshot
ResidentialRM 270,000
RM 386 psfMedian transaction price
Cangkat Bukit Gambir, MUTIARA INDAH, 11700 Gelugor, Pulau Pinang, Malaysia
MapsDesa Mutiara Ii (Taman Mutiara Indah) in Timur Laut, Penang recorded 3 subsale transactions in 2024, with a median price of RM 270K and a median price per square foot (PSF) of RM 386.
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 270K, with most transactions falling within a stable range of RM 248K to RM 296K, and a typical market range of RM 248K to RM 310K.
Most transactions involved flats, though some variety exists in the market.
For price per square foot, the median is RM 386, with most transactions between RM 349 and RM 423. The usual range is RM 330.04 to RM 441.79, showing that most units are priced quite close to each other. With an IQR of RM 111.75 and MAD of RM 37, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.