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 1.07 million to RM 1.11 million, and a typical market range of RM 1.07 million to RM 1.15 million.

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

The median PSF stands at RM 616, with core pricing between RM 531 and RM 702. Market pricing typically extends from RM 570.75 to RM 661.25, reflecting moderate variation in unit pricing. With an IQR of RM 90.50 and MAD of RM 86, 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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