THE TAMARIND

THE TAMARIND in Timur Laut, Penang recorded 16 subsale transactions in 2021, with a median price of RM 753K and a median price per square foot (PSF) of RM 722.

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 753K, with most transactions falling within a stable range of RM 634K to RM 872K, and a typical market range of RM 623K to RM 882K.

Most transactions involved service apartment, with minimal variety in property types.

For price per square foot, the median is RM 722, with most transactions between RM 653 and RM 790. The usual range is RM 648.25 to RM 794.75, showing that most units are priced quite close to each other. With an IQR of RM 146.50 and MAD of RM 69, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.