THE TAMARIND

THE TAMARIND in Timur Laut, Penang recorded 26 subsale transactions in 2023, with a median price of RM 865K and a median price per square foot (PSF) of RM 801.

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 865K, with most transactions falling within a stable range of RM 746K to RM 984K, and a typical market range of RM 736K to RM 994K.

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

For price per square foot, the median is RM 801, with most transactions between RM 733 and RM 870. The usual range is RM 727.75 to RM 874.25, 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. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.