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.

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

For price per square foot, the median is RM 500, with most transactions between RM 500 and RM 500. The usual range is RM 444.13 to RM 555.88, showing that most units are priced quite close to each other. With an IQR of RM 111.75 and MAD of RM 0, 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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