RESERVOIR GARDEN

RESERVOIR GARDEN in Timur Laut, Penang recorded 5 subsale transactions in 2024, with a median price of RM 825K and a median price per square foot (PSF) of RM 424.

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 825K, with most transactions falling within a stable range of RM 710K to RM 940K, and a typical market range of RM 714K to RM 936K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 424, with core pricing between RM 342 and RM 507. Market pricing typically extends from RM 343.50 to RM 504.50, reflecting moderate variation in unit pricing. The spread of RM 161.00 (IQR) and deviation of RM 83 (MAD) suggest moderate price variations reflecting different property features.

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.