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 485K to RM 615K, and a typical market range of RM 415K 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 595 to RM 939 in the core range. The broader market spans RM 610.50 to RM 923.50, indicating diverse property characteristics. The spread of RM 313.00 (IQR) and deviation of RM 172 (MAD) suggest moderate price variations reflecting different property features.
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.
