Penang
Timur Laut
Georgetown
TAMAN LUMBA KUDA

TAMAN LUMBA KUDA

Area Intelligence

2023

Median Price

RM 800,000

PSF: RM 384

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Residential PSF Trends

Median Price

RM 800,000

PSF: RM 384

TAMAN LUMBA KUDA in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 800K and a median price per square foot (PSF) of RM 384.

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 800K, with most transactions falling within a stable range of RM 599K to RM 1.00 million, and a typical market range of RM 599K to RM 1.00 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 384, with most transactions between RM 384 and RM 384. The usual range is RM 334.50 to RM 433.50, showing that most units are priced quite close to each other. With an IQR of RM 99.00 and MAD of RM 0, 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.

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TAMAN LUMBA KUDA, Timur Laut, Penang

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