PENANG TIMES SQUARE - BIRCH REGENCY

PENANG TIMES SQUARE - BIRCH REGENCY in Timur Laut, Penang recorded 7 subsale transactions in 2022, with a median price of RM 545K and a median price per square foot (PSF) of RM 574.

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 545K, with most transactions falling within a stable range of RM 543K to RM 495K, and a typical market range of RM 504K to RM 495K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 574, with most transactions between RM 559 and RM 590. The usual range is RM 510.25 to RM 637.75, showing that most units are priced quite close to each other. With an IQR of RM 127.50 and MAD of RM 16, 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.