ISLAND GLADES in Timur Laut, Penang recorded 10 subsale transactions in 2023, with a median price of RM 1.14 million and a median price per square foot (PSF) of RM 611.
This area contains both residential and commercial properties. View 25 residential properties or 4 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.14 million, with most transactions falling within a stable range of RM 881K to RM 1.40 million, and a typical market range of RM 886K to RM 1.39 million.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 611, with core pricing between RM 528 and RM 694. Market pricing typically extends from RM 496.50 to RM 724.50, reflecting moderate variation in unit pricing. With an IQR of RM 228.00 and MAD of RM 83, 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.
