GREEN LANE PARK

GREEN LANE PARK in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 500K and a median price per square foot (PSF) of RM 611.

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 500K, with most transactions falling within a stable range of RM 455K to RM 545K, and a typical market range of RM 467K to RM 533K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 611, with most transactions between RM 561 and RM 661. The usual range is RM 563.50 to RM 658.50, showing that most units are priced quite close to each other. With an IQR of RM 95.00 and MAD of RM 50, the PSF demonstrates reasonable consistency across the market.

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.