KAWASAN BUKIT GELUGOR

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. The median price is RM 465K, with most transactions falling within a stable range of RM 437K to RM 465K, and a typical market range of RM 400K to RM 465K.

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

The median PSF stands at RM 191, with core pricing between RM 169 and RM 213. Market pricing typically extends from RM 166.88 to RM 215.13, reflecting moderate variation in unit pricing. With an IQR of RM 48.25 and MAD of RM 22, the PSF demonstrates reasonable consistency across the market.

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.