STRAITS GARDEN (PLOT B)

STRAITS GARDEN (PLOT B) in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 850K and a median price per square foot (PSF) of RM 637.

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 850K, with most transactions falling within a stable range of RM 760K to RM 940K, and a typical market range of RM 798K to RM 903K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 637, with core pricing between RM 569 and RM 705. Market pricing typically extends from RM 599.00 to RM 675.00, reflecting moderate variation in unit pricing. With an IQR of RM 76.00 and MAD of RM 68, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.