TAMAN TERUBONG JAYA in Timur Laut, Penang recorded 44 subsale transactions in 2023, with a median price of RM 150K and a median price per square foot (PSF) of RM 251.
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 150K, with most transactions falling within a stable range of RM 80K to RM 226K, and a typical market range of RM 90K to RM 210K.
Most transactions involved low-cost flat, though some variety exists in the market.
Price per square foot shows a median of RM 251, though individual units vary from RM 186 to RM 315 in the core range. The broader market spans RM 210.75 to RM 290.25, indicating diverse property characteristics. A wider spread (IQR: RM 79.50) and deviation (MAD: RM 64) 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. Moderate transaction volume may require patience when buying or selling.
