Penang
Timur Laut
Georgetown
ISLAND GLADES

ISLAND GLADES

Area Intelligence

2023

Median Price

RM 1,140,000

PSF: RM 611

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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.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 611, with most transactions between RM 611 and RM 611. The usual range is RM 496.50 to RM 724.50, showing that most units are priced quite close to each other. With an IQR of RM 228.00 and MAD of RM 0, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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ISLAND GLADES, Timur Laut, Penang

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