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 754K to RM 718K, and a typical market range of RM 574K to RM 718K.

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

For price per square foot, the median is RM 585, with most transactions between RM 554 and RM 616. The usual range is RM 422.25 to RM 747.75, showing that most units are priced quite close to each other. With an IQR of RM 325.50 and MAD of RM 31, 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.