MEDAN LUMBA KUDA

MEDAN 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 415K to RM 455K, and a typical market range of RM 413K to RM 458K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 546, with most transactions between RM 521 and RM 571. The usual range is RM 517.75 to RM 574.25, showing that most units are priced quite close to each other. With an IQR of RM 56.50 and MAD of RM 25, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.