Kawasan Bandar Gelugor

Gelugor, Penang, Malaysia

Property Transactions

7 subsales grouped by size

Median
RM 1,850,000
PSF
RM 484
Price Size
Period
transactions middle 50% (P25–P75)
2,900 sqft
Semi-D
RM 1,730,000
Lengkok Pemancar
2,885 sqft · RM 600 PSF
3,050 sqft
Semi-D
RM 2,200,000
Lengkok Pemancar
3,046 sqft · RM 722 PSF
3,750 sqft
Semi-D
RM 1,850,000
Lengkok Pemancar
3,743 sqft · RM 494 PSF
3,900 sqft
Bungalow
RM 1,800,000
Jalan Hilir Pemancar
3,886 sqft · RM 463 PSF
4,150 sqft
Semi-D
RM 2,000,000
Lengkok Pemancar
4,133 sqft · RM 484 PSF
6,700 sqft
Bungalow
RM 1,400,000
Jalan Pemancar
6,721 sqft · RM 208 PSF
8,200 sqft
Bungalow
RM 3,000,000
Solok Pemancar
8,184 sqft · RM 367 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM 1,850,000

RM 484 psf

Median transaction price

Kawasan Bandar Gelugor in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 1.85 million and a median price per square foot (PSF) of RM 484.

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 1.85 million, with most transactions falling within a stable range of RM 1.40 million to RM 2.32 million, and a typical market range of RM 1.40 million to RM 2.36 million.

Most transactions involved detached, with moderate diversity in property types available.

Price per square foot shows a median of RM 484, though individual units vary from RM 333 to RM 635 in the core range. The broader market spans RM 392.37 to RM 575.37, indicating diverse property characteristics. A wider spread (IQR: RM 183.00) and deviation (MAD: RM 151) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.