STRAITS GARDEN (PLOT A)

Area Intelligence
2022
Median Price
RM 550,000
PSF: RM 767

Residential PSF Trends

Median Price

RM 385,000

PSF: RM 778

Commercial PSF Trends

Median Price

RM 1,100,000

RM 402 PSF

STRAITS GARDEN (PLOT A) in Timur Laut, Penang recorded 15 subsale transactions in 2022, with a median price of RM 550K and a median price per square foot (PSF) of RM 767.

This area contains both residential and commercial properties. View 24 residential properties or 9 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 550K, with most transactions falling within a stable range of RM 830K to RM 745K, and a typical market range of RM 830K to RM 685K.

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

Price per square foot shows a median of RM 767, though individual units vary from RM 471 to RM 1,063 in the core range. The broader market spans RM 610.50 to RM 923.50, indicating diverse property characteristics. A wider spread (IQR: RM 313.00) and deviation (MAD: RM 296) indicate significant PSF variations, likely due to diverse property types or conditions.

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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STRAITS GARDEN (PLOT A), Timur Laut, Penang

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Transactions

6 transactions grouped by size

1,350 sqft
SOHO/SOFO/SOVO
RM 1,340,000
Level 1
1,335 sqft · RM 1,004 PSF
RM 1,340,000
Level 1
1,345 sqft · RM 996 PSF
2,400 sqft
SOHO/SOFO/SOVO
RM 960,000
Level 2
2,390 sqft · RM 402 PSF
RM 830,000
Level 3
2,411 sqft · RM 344 PSF
3,150 sqft
SOHO/SOFO/SOVO
RM 1,270,000
Level 2
3,154 sqft · RM 403 PSF
RM 1,100,000
Level 3
3,154 sqft · RM 349 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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