Penang
Timur Laut
13
TAMAN PEKAKA

TAMAN PEKAKA

Area Intelligence

2023

Median Price

RM 359,000

PSF: RM 444

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Residential PSF Trends

Median Price

RM 359,000

PSF: RM 444

Commercial PSF Trends

Median Price

RM 1,700,000

RM 1,215 PSF

TAMAN PEKAKA in Timur Laut, Penang recorded 10 subsale transactions in 2023, with a median price of RM 359K and a median price per square foot (PSF) of RM 444.

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 359K, with most transactions falling within a stable range of RM 352K to RM 300K, and a typical market range of RM 285K to RM 300K.

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

For price per square foot, the median is RM 444, with most transactions between RM 433 and RM 455. The usual range is RM 415.00 to RM 473.00, showing that most units are priced quite close to each other. With an IQR of RM 58.00 and MAD of RM 11, 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.

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TAMAN PEKAKA, Timur Laut, Penang

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