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 597K to RM 650K, and a typical market range of RM 590K to RM 650K.

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 472 and RM 490. 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 9, 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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RATU MUTIARA (TAMAN RATU), Timur Laut, Penang

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