ISLAND GLADES

Area Intelligence
2023
Median Price
RM 1,140,000
PSF: RM 611

Residential PSF Trends

Median Price

RM 1,250,000

PSF: RM 589

Commercial PSF Trends

Median Price

RM 800,000

RM 682 PSF

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.

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ISLAND GLADES, Timur Laut, Penang

OSM

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Transactions

10 transactions grouped by size

1,150 sqft
Shop/Retail Lot
RM 800,000
Level G
1,173 sqft · RM 682 PSF
1,350 sqft
RM 1,280,000
LORONG DELIMA 20
1,367 sqft · RM 936 PSF
RM 750,000
LORONG DELIMA 18
1,367 sqft · RM 549 PSF
1,400 sqft
RM 830,000
LORONG DELIMA 18
1,410 sqft · RM 589 PSF
RM 904,000
LORONG DELIMA 9
1,378 sqft · RM 656 PSF
1,450 sqft
Double Storey Terraced
RM 1,250,000
JALAN DELIMA
1,453 sqft · RM 860 PSF
2,250 sqft
Single Storey Semi-D
RM 1,030,000
CHANGKAT DELIMA 3
2,250 sqft · RM 458 PSF
3,150 sqft
Double Storey Semi-D
RM 2,000,000
JALAN DELIMA
3,165 sqft · RM 632 PSF
3,500 sqft
Single Storey Terraced
RM 1,400,000
LORONG DELIMA 17
3,509 sqft · RM 399 PSF
4,250 sqft
Double Storey Semi-D
RM 2,140,000
LORONG DELIMA 7
4,263 sqft · RM 502 PSF

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There are currently no properties listed for sale in this area.

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