Penang
Timur Laut
Georgetown
SCOTS PAVILION

SCOTS PAVILION

Area Intelligence

2021

Median Price

RM 978,000

PSF: RM 758

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Residential PSF Trends

Median Price

RM 978,000

PSF: RM 758

SCOTS PAVILION in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 978K and a median price per square foot (PSF) of RM 758.

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 978K, with most transactions falling within a stable range of RM 929K to RM 1.02 million, and a typical market range of RM 906K to RM 1.02 million.

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

For price per square foot, the median is RM 758, with most transactions between RM 743 and RM 773. The usual range is RM 704.75 to RM 811.25, showing that most units are priced quite close to each other. With an IQR of RM 106.50 and MAD of RM 15, 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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SCOTS PAVILION, Timur Laut, Penang

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