MEDAN RIA

Area Intelligence

2023

Median Price

RM 350,000

PSF: RM 500

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Residential PSF Trends

Median Price

RM 350,000

PSF: RM 500

MEDAN RIA in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 350K and a median price per square foot (PSF) of RM 500.

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 350K, with most transactions falling within a stable range of RM 302K to RM 385K, and a typical market range of RM 311K to RM 385K.

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

The median PSF stands at RM 500, with core pricing between RM 431 and RM 569. Market pricing typically extends from RM 444.13 to RM 555.88, reflecting moderate variation in unit pricing. With an IQR of RM 111.75 and MAD of RM 69, 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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