Ratu Mutiara (Taman Ratu)
Ratu Mutiara, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
Ratu Mutiara, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 7
|
RM 430,000
|
RM 533
|
807 sqft
|
|
|
|
Level 27
|
RM 480,000
|
RM 595
|
807 sqft
|
|
|
|
Level 20
|
RM 380,000
|
RM 471
|
807 sqft
|
|
|
|
Level 8
|
RM 465,000
|
RM 576
|
807 sqft
|
|
|
|
Level 16
|
RM 390,000
|
RM 483
|
807 sqft
|
|
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Market Snapshot
ResidentialRM 430,000
RM 533 psfMedian transaction price
Ratu Mutiara, 11200 Tanjung Bungah, Pulau Pinang, Malaysia
MapsRatu Mutiara (Taman Ratu) in Timur Laut, Penang recorded 5 subsale transactions between 2021 and 2026, sized between 775 and 824 sqft, with a median price of RM 430K and a median price per square foot (PSF) of RM 533.
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 430K, with most transactions falling within a stable range of RM 390K to RM 470K, and a typical market range of RM 380K to RM 480K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 533, with most transactions between RM 484 and RM 582. The usual range is RM 485.90 to RM 579.40, showing that most units are priced quite close to each other. With an IQR of RM 93.50 and MAD of RM 49, 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.