GREEN GARDEN - MK. 13 in Timur Laut, Penang recorded 63 subsale transactions in 2022, with a median price of RM 148K and a median price per square foot (PSF) of RM 275.
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 148K, with most transactions falling within a stable range of RM 113K to RM 183K, and a typical market range of RM 118K to RM 178K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 275, though individual units vary from RM 210 to RM 340 in the core range. The broader market spans RM 219.50 to RM 330.50, indicating diverse property characteristics. The spread of RM 111.00 (IQR) and deviation of RM 65 (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. Moderate transaction volume may require patience when buying or selling.
