RATU MUTIARA (TAMAN RATU)

Area Intelligence
2023
Median Price
RM 610,000
PSF: RM 526

Residential PSF Trends

Median Price

RM 610,000

PSF: RM 526

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 610K and a median price per square foot (PSF) of RM 526.

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 610K, with most transactions falling within a stable range of RM 555K to RM 670K, and a typical market range of RM 555K to RM 670K.

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

For price per square foot, the median is RM 526, with most transactions between RM 522 and RM 530. The usual range is RM 484.50 to RM 567.50, showing that most units are priced quite close to each other. With an IQR of RM 83.00 and MAD of RM 4, 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.

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RATU MUTIARA (TAMAN RATU), Timur Laut, Penang

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Transactions

3 transactions grouped by size

1,050 sqft
Condo/Apartment
RM 555,000
Level 6
1,055 sqft · RM 526 PSF
1,150 sqft
Condo/Apartment
RM 610,000
Level 26
1,173 sqft · RM 520 PSF
1,300 sqft
Condo/Apartment
RM 700,000
Level 15
1,324 sqft · RM 529 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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