| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 2
|
RM 280,000
|
RM 413
|
678 sqft
|
|
|
|
Level 3
|
RM 192,000
|
RM 283
|
678 sqft
|
|
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Jalan Sungai Dua, 11700 Gelugor, Pulau Pinang, Malaysia
MapsDesa Universiti in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 413.
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 450K, with most transactions falling within a stable range of RM 330K to RM 495K, and a typical market range of RM 403K to RM 495K.
Most transactions involved condominium/apartment, though some variety exists in the market.
The median PSF stands at RM 413, with core pricing between RM 346 and RM 480. Market pricing typically extends from RM 383.28 to RM 442.53, reflecting moderate variation in unit pricing. The spread of RM 59.25 (IQR) and deviation of RM 67 (MAD) suggest moderate price variations reflecting different property features.
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. Limited transaction history suggests carefully evaluating comparable sales data.