Penang
Timur Laut
17
RATU MUTIARA (TAMAN RATU)

RATU MUTIARA (TAMAN RATU)

Area Intelligence

2024

Median Price

RM 455,000

PSF: RM 550

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Residential PSF Trends

Median Price

RM 455,000

PSF: RM 550

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 4 subsale transactions in 2024, with a median price of RM 455K and a median price per square foot (PSF) of RM 550.

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 455K, with most transactions falling within a stable range of RM 418K to RM 480K, and a typical market range of RM 395K to RM 480K.

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

The median PSF stands at RM 550, with core pricing between RM 478 and RM 622. Market pricing typically extends from RM 508.50 to RM 591.50, reflecting moderate variation in unit pricing. With an IQR of RM 83.00 and MAD of RM 72, 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.

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RATU MUTIARA (TAMAN RATU), Timur Laut, Penang

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