RATU MUTIARA (TAMAN RATU)

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 520K and a median price per square foot (PSF) of RM 518.

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 520K, with most transactions falling within a stable range of RM 500K to RM 430K, and a typical market range of RM 460K to RM 430K.

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

For price per square foot, the median is RM 518, with most transactions between RM 509 and RM 527. The usual range is RM 476.50 to RM 559.50, showing that most units are priced quite close to each other. With an IQR of RM 83.00 and MAD of RM 9, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.