Penang
Timur Laut
Ayer Itam
RESERVOIR GARDEN

RESERVOIR GARDEN

Area Intelligence

2022

Median Price

RM 937,500

PSF: RM 363

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Residential PSF Trends

Median Price

RM 937,500

PSF: RM 363

RESERVOIR GARDEN in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 938K and a median price per square foot (PSF) of RM 363.

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 938K, with most transactions falling within a stable range of RM 901K to RM 974K, and a typical market range of RM 900K to RM 1.00 million.

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

For price per square foot, the median is RM 363, with most transactions between RM 334 and RM 392. The usual range is RM 282.50 to RM 443.50, showing that most units are priced quite close to each other. With an IQR of RM 161.00 and MAD of RM 29, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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RESERVOIR GARDEN, Timur Laut, Penang

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