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 390K to RM 987K, and a typical market range of RM 490K to RM 610K.
Most transactions involved condominium/apartment, with minimal variety in property types.
Price per square foot shows a median of RM 533, though individual units vary from RM 424 to RM 642 in the core range. The broader market spans RM 491.50 to RM 574.50, indicating diverse property characteristics. The spread of RM 83.00 (IQR) and deviation of RM 109 (MAD) suggest moderate price variations reflecting different property features.
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.
