| Road | Price | PSF | Size | Date | Type |
|---|
|
Reservoir Crescent
|
RM 560,000
|
RM 445
|
1,259 sqft
|
|
|
Reservoir Drive
|
RM 655,000
|
RM 487
|
1,345 sqft
|
|
|
Medan Kolam Air
|
RM 890,000
|
RM 555
|
1,604 sqft
|
|
|
|
Jalan Taman Ria 3
|
RM 1,020,000
|
RM 629
|
1,621 sqft
|
|
|
Reservoir Cresent
|
RM 1,800,000
|
RM 577
|
3,118 sqft
|
|
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Market Snapshot
ResidentialRM 890,000
RM 555 psfMedian transaction price
Reservoir Garden, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsReservoir Garden in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 890K and a median price per square foot (PSF) of RM 555.
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 890K, with most transactions falling within a stable range of RM 560K to RM 1.33 million, and a typical market range of RM 779K to RM 1.00 million.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 555, with core pricing between RM 489 and RM 620. Market pricing typically extends from RM 479.30 to RM 630.56, reflecting moderate variation in unit pricing. With an IQR of RM 151.25 and MAD of RM 66, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.