ECO TERRACES

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 788K to RM 816K, and a typical market range of RM 788K to RM 839K.

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

The median PSF stands at RM 585, with core pricing between RM 518 and RM 652. Market pricing typically extends from RM 422.25 to RM 747.75, reflecting moderate variation in unit pricing. With an IQR of RM 325.50 and MAD of RM 67, 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.