Melody Homes

Lbh Thean Teik, 11500 Ayer Itam, Pulau Pinang, Malaysia

Property Transactions

6 subsales grouped by size

Median
RM 347,500
PSF
RM 482
Price Size
700 sqft
Flat
RM 305,000
Level 14
700 sqft · RM 436 PSF
RM 345,000
Level 3
700 sqft · RM 493 PSF
RM 390,000
Level 7
700 sqft · RM 557 PSF
RM 370,000
Level 12
700 sqft · RM 529 PSF
750 sqft
Flat
RM 350,000
Level 24
743 sqft · RM 471 PSF
RM 330,000
Level 13
743 sqft · RM 444 PSF
Legend Recent Highest Price Highest PSF

Auction Properties

1 auction properties in Melody Homes

No. 6E-11-13, Lebuhraya Thean Tek, Melody Homes, 11500, Ayer Itam, Pulau Pinang
6.5% yield
Type Reserve Price Flat RM 259,200
PSF Size Auction Date RM 370.29 700 sqft 23 Jul 2026
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Market Snapshot

Residential

RM 347,500

RM 482 psf

Median transaction price

Average

Rental Yield Data

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Melody Homes
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Lbh Thean Teik, 11500 Ayer Itam, Pulau Pinang, Malaysia

Maps

Melody Homes in Timur Laut, Penang recorded 6 subsale transactions in 2024, with a median price of RM 348K and a median price per square foot (PSF) of RM 482.

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 348K, with most transactions falling within a stable range of RM 320K to RM 375K, and a typical market range of RM 316K to RM 379K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 482, with most transactions between RM 439 and RM 526. The usual range is RM 441.18 to RM 523.18, showing that most units are priced quite close to each other. With an IQR of RM 82.00 and MAD of RM 44, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.