Penang
Timur Laut
Gelugor
KAWASAN BUKIT GELUGOR

KAWASAN BUKIT GELUGOR

Area Intelligence

2022

Median Price

RM 465,000

PSF: RM 191

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Residential PSF Trends

Median Price

RM 465,000

PSF: RM 191

KAWASAN BUKIT GELUGOR in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 465K and a median price per square foot (PSF) of RM 191.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 191, with most transactions between RM 191 and RM 191. The usual range is RM 166.88 to RM 215.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 48.25 and an average deviation (MAD) of RM 0 indicate a highly stable PSF trend across properties.

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.

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KAWASAN BUKIT GELUGOR, Timur Laut, Penang

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