SRI PELANGI

Area Intelligence

2023

Median Price

RM 340,000

PSF: RM 439

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Residential PSF Trends

Median Price

RM 352,500

PSF: RM 431

Commercial PSF Trends

Median Price

RM 340,000

RM 439 PSF

SRI PELANGI in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 340K and a median price per square foot (PSF) of RM 439.

This area contains both residential and commercial properties. View 5 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 340K, with most transactions falling within a stable range of RM 335K to RM 355K, and a typical market range of RM 335K to RM 353K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 439, with most transactions between RM 421 and RM 457. The usual range is RM 432.63 to RM 445.38, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 12.75 and an average deviation (MAD) of RM 18 indicate a highly stable PSF trend across properties.

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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SRI PELANGI, Timur Laut, Penang

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