TAMAN GELUGOR

TAMAN GELUGOR in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 950K and a median price per square foot (PSF) of RM 512.

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 950K, with most transactions falling within a stable range of RM 907K to RM 993K, and a typical market range of RM 880K to RM 1.00 million.

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

For price per square foot, the median is RM 512, with most transactions between RM 498 and RM 525. The usual range is RM 466.25 to RM 556.75, showing that most units are priced quite close to each other. With an IQR of RM 90.50 and MAD of RM 14, 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.