ISLAND GLADES

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 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 1.14 million, with most transactions falling within a stable range of RM 750K to RM 1.61 million, and a typical market range of RM 889K to RM 1.39 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 611, though individual units vary from RM 450 to RM 771 in the core range. The broader market spans RM 521.75 to RM 699.25, indicating diverse property characteristics. A wider spread (IQR: RM 177.50) and deviation (MAD: RM 160) indicate significant PSF variations, likely due to diverse property types or conditions.

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.