AZURIA CONDO

Area Intelligence

2022

Median Price

RM 330,000

PSF: RM 479

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Residential PSF Trends

Median Price

RM 330,000

PSF: RM 479

Commercial PSF Trends

Median Price

RM 1,900,000

RM 1,496 PSF

AZURIA CONDO in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 330K and a median price per square foot (PSF) of RM 479.

This area contains both residential and commercial properties. View 36 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 330K, with most transactions falling within a stable range of RM 290K to RM 370K, and a typical market range of RM 293K to RM 368K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 479, with core pricing between RM 423 and RM 535. Market pricing typically extends from RM 428.00 to RM 530.00, reflecting moderate variation in unit pricing. With an IQR of RM 102.00 and MAD of RM 56, 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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AZURIA CONDO, Timur Laut, Penang

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