THE TAMARIND

THE TAMARIND in Timur Laut, Penang recorded 35 subsale transactions in 2022, with a median price of RM 919K and a median price per square foot (PSF) of RM 758.

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 919K, with most transactions falling within a stable range of RM 800K to RM 1.04 million, and a typical market range of RM 790K to RM 1.05 million.

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

For price per square foot, the median is RM 758, with most transactions between RM 690 and RM 827. The usual range is RM 684.75 to RM 831.25, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Moderate transaction volume may require patience when buying or selling.