ECO TERRACES in Timur Laut, Penang recorded 14 subsale transactions in 2023, with a median price of RM 874K and a median price per square foot (PSF) of RM 716.
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 874K, with most transactions falling within a stable range of RM 785K to RM 962K, and a typical market range of RM 780K to RM 970K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 716, with most transactions between RM 696 and RM 735. The usual range is RM 552.75 to RM 878.25, showing that most units are priced quite close to each other. With an IQR of RM 325.50 and MAD of RM 19, 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. Limited transaction history suggests carefully evaluating comparable sales data.
