Penang
Timur Laut
Georgetown
TAMAN JESSELTON

TAMAN JESSELTON

Area Intelligence

2023

Median Price

RM 5,100,000

PSF: RM 791

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Residential PSF Trends

Median Price

RM 5,100,000

PSF: RM 791

TAMAN JESSELTON in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 5.10 million and a median price per square foot (PSF) of RM 791.

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 5.10 million, with most transactions falling within a stable range of RM 3.70 million to RM 6.50 million, and a typical market range of RM 4.10 million to RM 6.10 million.

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

For price per square foot, the median is RM 791, with most transactions between RM 752 and RM 830. The usual range is RM 760.50 to RM 821.50, showing that most units are priced quite close to each other. With an IQR of RM 61.00 and MAD of RM 39, 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.

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TAMAN JESSELTON, Timur Laut, Penang

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