STARHILL BUKIT GAMBIR in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 565K and a median price per square foot (PSF) of RM 552.
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 565K, with most transactions falling within a stable range of RM 539K to RM 480K, and a typical market range of RM 428K to RM 480K.
Most transactions involved condominium/apartment, though some variety exists in the market.
For price per square foot, the median is RM 552, with most transactions between RM 533 and RM 571. The usual range is RM 490.00 to RM 614.00, showing that most units are priced quite close to each other. With an IQR of RM 124.00 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
