RATU MUTIARA (TAMAN RATU)

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 488K and a median price per square foot (PSF) of RM 523.

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 488K, with most transactions falling within a stable range of RM 388K to RM 587K, and a typical market range of RM 428K to RM 548K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 523, with most transactions between RM 491 and RM 555. The usual range is RM 481.50 to RM 564.50, showing that most units are priced quite close to each other. With an IQR of RM 83.00 and MAD of RM 32, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.