MEDAN RIA

Area Intelligence

2022

Median Price

RM 367,000

PSF: RM 525

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Residential PSF Trends

Median Price

RM 367,000

PSF: RM 525

MEDAN RIA in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 367K and a median price per square foot (PSF) of RM 525.

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 367K, with most transactions falling within a stable range of RM 359K to RM 375K, and a typical market range of RM 359K to RM 375K.

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

For price per square foot, the median is RM 525, with most transactions between RM 513 and RM 536. The usual range is RM 468.63 to RM 580.38, showing that most units are priced quite close to each other. With an IQR of RM 111.75 and MAD of RM 12, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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MEDAN RIA, Timur Laut, Penang

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