VERTIQ

Area Intelligence

2023

Median Price

RM 770,000

PSF: RM 708

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Residential PSF Trends

Median Price

RM 770,000

PSF: RM 708

VERTIQ in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 770K and a median price per square foot (PSF) of RM 708.

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 770K, with most transactions falling within a stable range of RM 628K to RM 913K, and a typical market range of RM 613K to RM 927K.

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

For price per square foot, the median is RM 708, with most transactions between RM 671 and RM 746. The usual range is RM 675.63 to RM 740.38, showing that most units are priced quite close to each other. With an IQR of RM 64.75 and MAD of RM 38, the PSF demonstrates reasonable consistency across the market.

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.

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VERTIQ, Timur Laut, Penang

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