ISLAND GLADES

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 23 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 542.25 to RM 719.75, showing that most units are priced quite close to each other. With an IQR of RM 177.50 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.