ECO TERRACES in Timur Laut, Penang recorded 54 subsale transactions in 2021, with a median price of RM 1.19 million and a median price per square foot (PSF) of RM 876.
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 1.19 million, with most transactions falling within a stable range of RM 1.01 million to RM 1.37 million, and a typical market range of RM 962K to RM 1.41 million.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 876, with core pricing between RM 738 and RM 1,014. Market pricing typically extends from RM 713.25 to RM 1,038.75, reflecting moderate variation in unit pricing. The spread of RM 325.50 (IQR) and deviation of RM 138 (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. Moderate transaction volume may require patience when buying or selling.
