THE TAMARIND

Area Intelligence

2021

Median Price

RM 752,500

PSF: RM 722

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Residential PSF Trends

Median Price

RM 752,500

PSF: RM 722

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 1.00 million to RM 835K, and a typical market range of RM 1.00 million 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 662 and RM 781. 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 60, 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.

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THE TAMARIND, Timur Laut, Penang

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