VERTIQ

Area Intelligence

2022

Median Price

RM 845,000

PSF: RM 690

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Residential PSF Trends

Median Price

RM 845,000

PSF: RM 690

VERTIQ in Timur Laut, Penang recorded 7 subsale transactions in 2022, with a median price of RM 845K and a median price per square foot (PSF) of RM 690.

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 845K, with most transactions falling within a stable range of RM 843K to RM 750K, and a typical market range of RM 745K to RM 750K.

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

For price per square foot, the median is RM 690, with most transactions between RM 678 and RM 702. The usual range is RM 657.63 to RM 722.38, showing that most units are priced quite close to each other. With an IQR of RM 64.75 and MAD of RM 12, 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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VERTIQ, Timur Laut, Penang

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