Penang
Timur Laut
Georgetown
GREEN LANE PARK

GREEN LANE PARK

Area Intelligence

2023

Median Price

RM 615,000

PSF: RM 566

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Residential PSF Trends

Median Price

RM 615,000

PSF: RM 566

GREEN LANE PARK in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 615K and a median price per square foot (PSF) of RM 566.

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 615K, with most transactions falling within a stable range of RM 600K to RM 630K, and a typical market range of RM 600K to RM 630K.

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

For price per square foot, the median is RM 566, with most transactions between RM 552 and RM 579. The usual range is RM 518.00 to RM 613.00, showing that most units are priced quite close to each other. With an IQR of RM 95.00 and MAD of RM 14, 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.

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GREEN LANE PARK, Timur Laut, Penang

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