ISLAND GLADES

Area Intelligence
2023
Median Price
RM 904,000
PSF: RM 656

Residential PSF Trends

Median Price

RM 967,000

PSF: RM 623

Commercial PSF Trends

Median Price

RM 800,000

RM 682 PSF

ISLAND GLADES in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 904K and a median price per square foot (PSF) of RM 656.

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 904K, with most transactions falling within a stable range of RM 750K to RM 1.10 million, and a typical market range of RM 750K to RM 1.16 million.

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

Price per square foot shows a median of RM 656, though individual units vary from RM 499 to RM 813 in the core range. The broader market spans RM 542.00 to RM 770.00, indicating diverse property characteristics. The spread of RM 228.00 (IQR) and deviation of RM 157 (MAD) suggest moderate price variations reflecting different property features.

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

7 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

No Properties For Sale

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

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