THE ZEN in Timur Laut, Penang recorded 30 subsale transactions in 2024, with a median price of RM 555K and a median price per square foot (PSF) of RM 659.
This area contains both residential and commercial properties. View 27 residential properties or 5 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 555K, with most transactions falling within a stable range of RM 500K to RM 689K, and a typical market range of RM 511K to RM 599K.
Most transactions involved condominium/apartment, though some variety exists in the market.
Price per square foot shows a median of RM 659, though individual units vary from RM 483 to RM 835 in the core range. The broader market spans RM 599.75 to RM 718.25, indicating diverse property characteristics. A wider spread (IQR: RM 118.50) and deviation (MAD: RM 176) indicate significant PSF variations, likely due to diverse property types or conditions.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.
