TAMAN LUMBA KUDA in Timur Laut, Penang recorded 7 subsale transactions in 2022, with a median price of RM 1.50 million and a median price per square foot (PSF) of RM 409.
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 1.50 million, with most transactions falling within a stable range of RM 1.21 million to RM 1.79 million, and a typical market range of RM 1.23 million to RM 1.78 million.
Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.
For price per square foot, the median is RM 409, with most transactions between RM 369 and RM 449. The usual range is RM 359.50 to RM 458.50, showing that most units are priced quite close to each other. With an IQR of RM 99.00 and MAD of RM 40, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
