STRAITS GARDEN (PLOT A)

Area Intelligence
2021
Median Price
RM 490,000
PSF: RM 491

Residential PSF Trends

Median Price

RM 490,000

PSF: RM 491

Commercial PSF Trends

Median Price

RM 1,100,000

RM 402 PSF

STRAITS GARDEN (PLOT A) in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 490K and a median price per square foot (PSF) of RM 491.

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 490K, with most transactions falling within a stable range of RM 442K to RM 500K, and a typical market range of RM 393K to RM 500K.

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

Price per square foot shows a median of RM 491, though individual units vary from RM 256 to RM 726 in the core range. The broader market spans RM 334.50 to RM 647.50, indicating diverse property characteristics. A wider spread (IQR: RM 313.00) and deviation (MAD: RM 235) 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

3 transactions grouped by size

400 sqft
Condo/Apartment
RM 393,000
Level 27
398 sqft · RM 987 PSF
1,000 sqft
Condo/Apartment
RM 490,000
Level 22
997 sqft · RM 491 PSF
1,050 sqft
Condo/Apartment
RM 500,000
Level 13
1,033 sqft · RM 484 PSF

No Properties For Sale

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

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