Penang
Timur Laut
Georgetown
ISLAND GLADES 2/T LTG DELIMA 1, 4-11

ISLAND GLADES 2/T LTG DELIMA 1, 4-11

Area Intelligence

2022

Median Price

RM 990,000

PSF: RM 685

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Residential PSF Trends

Median Price

RM 990,000

PSF: RM 685

ISLAND GLADES 2/T LTG DELIMA 1, 4-11 in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 990K and a median price per square foot (PSF) of RM 685.

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 990K, with most transactions falling within a stable range of RM 900K to RM 1.08 million, and a typical market range of RM 900K to RM 1.08 million.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 685, with most transactions between RM 648 and RM 722. The usual range is RM 635.25 to RM 734.75, showing that most units are priced quite close to each other. With an IQR of RM 99.50 and MAD of RM 37, the PSF demonstrates reasonable consistency across the market.

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.

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ISLAND GLADES 2/T LTG DELIMA 1, 4-11, Timur Laut, Penang

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