TAMAN PAYA TERUBONG in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 104K and a median price per square foot (PSF) of RM 193.
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 104K, with most transactions falling within a stable range of RM 79K to RM 129K, and a typical market range of RM 69K to RM 138K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 193, though individual units vary from RM 141 to RM 245 in the core range. The broader market spans RM 128.50 to RM 256.50, 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.
