Penang
Timur Laut
Jelutong
TAMAN GELUGOR

TAMAN GELUGOR

Area Intelligence

2023

Median Price

RM 1,070,000

PSF: RM 616

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Residential PSF Trends

Median Price

RM 1,070,000

PSF: RM 616

TAMAN GELUGOR in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 1.07 million and a median price per square foot (PSF) of RM 616.

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 1.07 million, with most transactions falling within a stable range of RM 1.00 million to RM 988K, and a typical market range of RM 988K to RM 988K.

Most transactions involved 1 - 1 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 616, with most transactions between RM 574 and RM 659. The usual range is RM 570.75 to RM 661.25, showing that most units are priced quite close to each other. With an IQR of RM 90.50 and MAD of RM 43, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN GELUGOR, Timur Laut, Penang

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