| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 2
|
RM 450,000
|
RM 565
|
797 sqft
|
|
|
|
Level 3
|
RM 393,000
|
RM 493
|
797 sqft
|
|
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Market Snapshot
ResidentialRM 421,500
RM 529 psfMedian transaction price
Medan Lumba Kuda, 11400 Jelutong, Pulau Pinang, Malaysia
MapsMedan Lumba Kuda in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM 422K and a median price per square foot (PSF) of RM 529.
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 422K, with most transactions falling within a stable range of RM 393K to RM 450K, and a typical market range of RM 394K to RM 449K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM 529, with most transactions between RM 493 and RM 565. The usual range is RM 494.67 to RM 563.67, showing that most units are priced quite close to each other. With an IQR of RM 69.00 and MAD of RM 36, 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.