ECO TERRACES

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 1.13 million to RM 960K, and a typical market range of RM 962K to RM 960K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 876, with most transactions between RM 817 and RM 935. The usual range is RM 713.25 to RM 1,038.75, showing that most units are priced quite close to each other. With an IQR of RM 325.50 and MAD of RM 59, 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. Moderate transaction volume may require patience when buying or selling.