| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 18
|
RM 480,000
|
RM 513
|
936 sqft
|
|
|
|
Level 14
|
RM 485,000
|
RM 518
|
936 sqft
|
|
|
|
Level 28
|
RM 500,000
|
RM 534
|
936 sqft
|
|
|
Level 37
|
RM 800,000
|
RM 751
|
1,066 sqft
|
|
|
|
Level 36
|
RM 1,100,000
|
RM 1,054
|
1,044 sqft
|
|
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Market Snapshot
ResidentialRM 560,000
RM 534 psfMedian transaction price
Solok Thean Tek, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsBoulevard Condominium in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 560K and a median price per square foot (PSF) of RM 534.
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 560K, with most transactions falling within a stable range of RM 480K to RM 771K, and a typical market range of RM 483K to RM 638K.
Most transactions involved condominium/apartment, with minimal variety in property types.
Price per square foot shows a median of RM 534, though individual units vary from RM 345 to RM 723 in the core range. The broader market spans RM 477.43 to RM 590.43, indicating diverse property characteristics. A wider spread (IQR: RM 113.00) and deviation (MAD: RM 189) indicate significant PSF variations, likely due to diverse property types or conditions.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.