AZURIA CONDO

Area Intelligence

2021

Median Price

RM 345,000

PSF: RM 501

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Residential PSF Trends

Median Price

RM 345,000

PSF: RM 501

Commercial PSF Trends

Median Price

RM 1,900,000

RM 1,496 PSF

AZURIA CONDO in Timur Laut, Penang recorded 4 subsale transactions in 2021, with a median price of RM 345K and a median price per square foot (PSF) of RM 501.

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 345K, with most transactions falling within a stable range of RM 340K to RM 371K, and a typical market range of RM 340K to RM 383K.

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

For price per square foot, the median is RM 501, with most transactions between RM 463 and RM 539. The usual range is RM 450.00 to RM 552.00, showing that most units are priced quite close to each other. With an IQR of RM 102.00 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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AZURIA CONDO, Timur Laut, Penang

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