THE PULSE

Area Intelligence

2023

Median Price

RM 363,000

PSF: RM 439

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Residential PSF Trends

Median Price

RM 363,000

PSF: RM 439

THE PULSE in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 363K and a median price per square foot (PSF) of RM 439.

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 363K, with most transactions falling within a stable range of RM 281K to RM 430K, and a typical market range of RM 335K to RM 391K.

Most transactions involved flats, with minimal variety in property types.

Price per square foot shows a median of RM 439, though individual units vary from RM 343 to RM 535 in the core range. The broader market spans RM 408.00 to RM 470.00, indicating diverse property characteristics. The spread of RM 62.00 (IQR) and deviation of RM 96 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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THE PULSE, Timur Laut, Penang

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