TAMAN SRI DAMAI (IJM)

TAMAN SRI DAMAI (IJM) in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 243K and a median price per square foot (PSF) of RM 352.

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 243K, with most transactions falling within a stable range of RM 160K to RM 346K, and a typical market range of RM 169K to RM 316K.

Most transactions involved low-cost flat, with moderate diversity in property types available.

The median PSF stands at RM 352, with core pricing between RM 285 and RM 419. Market pricing typically extends from RM 294.88 to RM 409.13, reflecting moderate variation in unit pricing. The spread of RM 114.25 (IQR) and deviation of RM 67 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.