RATU MUTIARA (TAMAN RATU)

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 11 subsale transactions in 2022, with a median price of RM 42K and a median price per square foot (PSF) of RM 59.

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 42K, with most transactions falling within a stable range of RM 42K to RM 254K, and a typical market range of RM 42K to RM 294K.

Most transactions involved low-cost flat, though some variety exists in the market.

Price per square foot shows a median of RM 59, though individual units vary from RM 0 to RM 223 in the core range. The broader market spans RM 0.00 to RM 249.50, indicating diverse property characteristics. A wider spread (IQR: RM 381.00) and deviation (MAD: RM 164) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.