STRAITS GARDEN (PLOT B)

STRAITS GARDEN (PLOT B) in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 730K and a median price per square foot (PSF) of RM 551.

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 730K, with most transactions falling within a stable range of RM 660K to RM 800K, and a typical market range of RM 678K to RM 783K.

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

For price per square foot, the median is RM 551, with most transactions between RM 507 and RM 595. The usual range is RM 513.00 to RM 589.00, showing that most units are priced quite close to each other. With an IQR of RM 76.00 and MAD of RM 44, 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.