ECO TERRACES in Timur Laut, Penang recorded 35 subsale transactions in 2022, with a median price of RM 800K and a median price per square foot (PSF) of RM 585.
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 800K, with most transactions falling within a stable range of RM 619K to RM 981K, and a typical market range of RM 574K to RM 1.03 million.
Most transactions involved condominium/apartment, with minimal variety in property types.
Price per square foot shows a median of RM 585, though individual units vary from RM 447 to RM 723 in the core range. The broader market spans RM 422.25 to RM 747.75, indicating diverse property characteristics. The spread of RM 325.50 (IQR) and deviation of RM 138 (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. Moderate transaction volume may require patience when buying or selling.
