RATU MUTIARA (TAMAN RATU)

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 504.

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 450K, with most transactions falling within a stable range of RM 378K to RM 522K, and a typical market range of RM 390K to RM 510K.

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

For price per square foot, the median is RM 504, with most transactions between RM 462 and RM 546. The usual range is RM 462.50 to RM 545.50, showing that most units are priced quite close to each other. With an IQR of RM 83.00 and MAD of RM 42, 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.