Penang
Timur Laut
13
TAMAN PEKAKA

TAMAN PEKAKA

Area Intelligence

2023

Median Price

RM 370,000

PSF: RM 438

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Residential PSF Trends

Median Price

RM 370,000

PSF: RM 438

Commercial PSF Trends

Median Price

RM 1,700,000

RM 1,215 PSF

TAMAN PEKAKA in Timur Laut, Penang recorded 13 subsale transactions in 2023, with a median price of RM 370K and a median price per square foot (PSF) of RM 438.

This area contains both residential and commercial properties. View 58 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 370K, with most transactions falling within a stable range of RM 980K to RM 468K, and a typical market range of RM 980K to RM 505K.

Most transactions involved flats, though some variety exists in the market.

Price per square foot shows a median of RM 438, though individual units vary from RM 292 to RM 584 in the core range. The broader market spans RM 409.00 to RM 467.00, indicating diverse property characteristics. A wider spread (IQR: RM 58.00) and deviation (MAD: RM 146) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN PEKAKA, Timur Laut, Penang

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