Alila Homes

Alila Homes in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 845K and a median price per square foot (PSF) of RM 822.

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 845K, with most transactions falling within a stable range of RM 690K to RM 1.00 million, and a typical market range of RM 728K to RM 963K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 822, though individual units vary from RM 588 to RM 1,056 in the core range. The broader market spans RM 690.79 to RM 953.04, indicating diverse property characteristics. A wider spread (IQR: RM 262.25) and deviation (MAD: RM 234) indicate significant PSF variations, likely due to diverse property types or conditions.

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.