ISLAND GLADES

Area Intelligence
2022
Median Price
RM 945,000
PSF: RM 631

Residential PSF Trends

Median Price

RM 1,002,500

PSF: RM 610

Commercial PSF Trends

Median Price

RM 800,000

RM 682 PSF

ISLAND GLADES in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 945K and a median price per square foot (PSF) of RM 631.

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 945K, with most transactions falling within a stable range of RM 811K to RM 1.08 million, and a typical market range of RM 800K to RM 1.20 million.

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 631, with most transactions between RM 591 and RM 671. The usual range is RM 517.00 to RM 745.00, showing that most units are priced quite close to each other. With an IQR of RM 228.00 and MAD of RM 40, 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

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Transactions

5 transactions grouped by size

1,150 sqft
Shop/Retail Lot
RM 800,000
Level G
1,173 sqft · RM 682 PSF
1,450 sqft
Double Storey Terraced
RM 945,000
CHANGKAT DELIMA 1
1,464 sqft · RM 646 PSF
1,600 sqft
Single Storey Terraced
RM 938,000
JALAN DELIMA
1,593 sqft · RM 589 PSF
1,700 sqft
Double Storey Terraced
RM 1,060,000
LINTANG DELIMA 15
1,679 sqft · RM 631 PSF
2,100 sqft
Double Storey Terraced
RM 1,200,000
JALAN DELIMA
2,099 sqft · RM 572 PSF

No Properties For Sale

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

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