|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Level 5
|
RM 400,000
|
RM 502
|
797 sqft
|
|
Flat |
|
Level 5
|
RM 410,000
|
RM 515
|
797 sqft
|
|
Flat |
|
Level 1
|
RM 400,000
|
RM 502
|
797 sqft
|
|
Flat |
|
Level 3
|
RM 435,000
|
RM 546
|
797 sqft
|
|
Flat |
|
Level 2
|
RM 440,000
|
RM 552
|
797 sqft
|
|
Flat |
|
Level 2
|
RM 450,000
|
RM 565
|
797 sqft
|
|
Flat |
|
Lengkok Lumba Kuda
|
RM 1,060,000
|
RM 698
|
1,518 sqft
|
|
2-Sty Terrace |
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Market Snapshot
ResidentialRM 435,000
RM 546 psfMedian transaction price
Medan Lumba Kuda, 11400 Jelutong, Pulau Pinang, Malaysia
MapsMedan Lumba Kuda in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 435K and a median price per square foot (PSF) of RM 546.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 435K, with most transactions falling within a stable range of RM 400K to RM 659K, and a typical market range of RM 408K to RM 463K.
Most transactions involved flats, with minimal variety in property types.
The median PSF stands at RM 546, with core pricing between RM 483 and RM 609. Market pricing typically extends from RM 511.62 to RM 580.62, reflecting moderate variation in unit pricing. With an IQR of RM 69.00 and MAD of RM 63, 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.