Penang
Timur Laut
Tanjung Bungah
RATU MUTIARA (TAMAN RATU)

RATU MUTIARA (TAMAN RATU)

Area Intelligence

2023

Median Price

RM 625,000

PSF: RM 481

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Residential PSF Trends

Median Price

RM 625,000

PSF: RM 481

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 625K and a median price per square foot (PSF) of RM 481.

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 625K, with most transactions falling within a stable range of RM 499K to RM 855K, and a typical market range of RM 499K to RM 877K.

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

For price per square foot, the median is RM 481, with most transactions between RM 437 and RM 525. The usual range is RM 290.50 to RM 671.50, showing that most units are priced quite close to each other. With an IQR of RM 381.00 and MAD of RM 44, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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RATU MUTIARA (TAMAN RATU), Timur Laut, Penang

OSM

Track location

Transactions

6 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 1,200,000

Level 22

3,046 sqft • RM 394.00 PSF

Dec 2023

RM 590,000

Level 7

1,238 sqft • RM 477.00 PSF

Oct 2023

RM 600,000

Level 9

1,238 sqft • RM 485.00 PSF

Sep 2023

RM 650,000

Level 1

1,302 sqft • RM 499.00 PSF

Sep 2023

RM 499,000

Level 5

1,238 sqft • RM 403.00 PSF

Jun 2023

RM 650,000

Level 15

1,302 sqft • RM 499.00 PSF

Mar 2023

Road	Price	Land PSF	Land	Date	Type
Level 22	RM 1,200,000	RM 394.00	3,046 sqft	Dec 2023	Condo/Apartment
Level 7	RM 590,000	RM 477.00	1,238 sqft	Oct 2023	Condo/Apartment
Level 9	RM 600,000	RM 485.00	1,238 sqft	Sep 2023	Condo/Apartment
Level 1	RM 650,000	RM 499.00	1,302 sqft	Sep 2023	Condo/Apartment
Level 5	RM 499,000	RM 403.00	1,238 sqft	Jun 2023	Condo/Apartment
Level 15	RM 650,000	RM 499.00	1,302 sqft	Mar 2023	Condo/Apartment