TAMAN TEGOH FASA I/FASA II (GRANDVIEW)

TAMAN TEGOH FASA I/FASA II (GRANDVIEW) in Timur Laut, Penang recorded 16 subsale transactions in 2023, with a median price of RM 469K and a median price per square foot (PSF) of RM 381.

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 469K, with most transactions falling within a stable range of RM 257K to RM 681K, and a typical market range of RM 360K to RM 578K.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 381, with core pricing between RM 326 and RM 435. Market pricing typically extends from RM 337.50 to RM 423.50, reflecting moderate variation in unit pricing. With an IQR of RM 86.00 and MAD of RM 55, 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.