KAWASAN BUKIT GELUGOR in Timur Laut, Penang recorded 3 subsale transactions in 2024, with a median price of RM 480K and a median price per square foot (PSF) of RM 149.
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 480K, with most transactions falling within a stable range of RM 410K to RM 550K, and a typical market range of RM 360K to RM 600K.
Most transactions involved detached, with moderate diversity in property types available.
The median PSF stands at RM 149, with core pricing between RM 124 and RM 174. Market pricing typically extends from RM 124.88 to RM 173.13, reflecting moderate variation in unit pricing. The spread of RM 48.25 (IQR) and deviation of RM 25 (MAD) suggest moderate price variations reflecting different property features.
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.
