KAWASAN BUKIT GELUGOR in Timur Laut, Penang recorded 0 subsale transactions in 2022, with a median price of RM 490K and a median price per square foot (PSF) of RM 165.
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 490K, with most transactions falling within a stable range of RM 420K to RM 560K, and a typical market range of RM 370K to RM 610K.
Most transactions involved detached, with moderate diversity in property types available.
The median PSF stands at RM 165, with core pricing between RM 140 and RM 190. Market pricing typically extends from RM 140.88 to RM 189.13, 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.
