Penang
Timur Laut
17
RATU MUTIARA (TAMAN RATU)

RATU MUTIARA (TAMAN RATU)

Area Intelligence

2024

Median Price

RM 550,000

PSF: RM 533

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Residential PSF Trends

Median Price

RM 550,000

PSF: RM 533

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 11 subsale transactions in 2024, with a median price of RM 550K 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 550K, with most transactions falling within a stable range of RM 1.05 million to RM 1.02 million, and a typical market range of RM 1.05 million to RM 610K.

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 492 and RM 574. The usual range is RM 491.50 to RM 574.50, showing that most units are priced quite close to each other. With an IQR of RM 83.00 and MAD of RM 41, 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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RATU MUTIARA (TAMAN RATU), Timur Laut, Penang

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