Penang
Timur Laut
13
ECO TERRACES

ECO TERRACES

Area Intelligence

2024

Median Price

RM 926,500

PSF: RM 695

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Residential PSF Trends

Median Price

RM 926,500

PSF: RM 695

ECO TERRACES in Timur Laut, Penang recorded 4 subsale transactions in 2024, with a median price of RM 927K and a median price per square foot (PSF) of RM 695.

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 927K, with most transactions falling within a stable range of RM 626K to RM 1.23 million, and a typical market range of RM 701K to RM 1.15 million.

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

The median PSF stands at RM 695, with core pricing between RM 572 and RM 817. Market pricing typically extends from RM 531.75 to RM 857.25, reflecting moderate variation in unit pricing. The spread of RM 325.50 (IQR) and deviation of RM 122 (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. Limited transaction history suggests carefully evaluating comparable sales data.

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ECO TERRACES, Timur Laut, Penang

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