TAMAN PAYA TERUBONG in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 100K and a median price per square foot (PSF) of RM 186.
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 100K, with most transactions falling within a stable range of RM 75K to RM 125K, and a typical market range of RM 66K to RM 135K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 186, though individual units vary from RM 134 to RM 238 in the core range. The broader market spans RM 122.00 to RM 250.00, indicating diverse property characteristics. A wider spread (IQR: RM 128.00) and deviation (MAD: RM 52) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
