SCOTS PAVILION in Timur Laut, Penang recorded 1 subsale transactions in 2022, with a median price of RM 688K and a median price per square foot (PSF) of RM 702.
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 688K, with most transactions falling within a stable range of RM 560K to RM 816K, and a typical market range of RM 565K to RM 811K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 702, with most transactions between RM 633 and RM 772. The usual range is RM 648.75 to RM 755.25, showing that most units are priced quite close to each other. With an IQR of RM 106.50 and MAD of RM 70, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
