Penang
Timur Laut
Tanjung Bungah
RATU MUTIARA (TAMAN RATU)

RATU MUTIARA (TAMAN RATU)

Area Intelligence

2021

Median Price

RM 540,000

PSF: RM 436

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Residential PSF Trends

Median Price

RM 540,000

PSF: RM 436

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 1 subsale transactions in 2021, with a median price of RM 540K and a median price per square foot (PSF) of RM 436.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 436, with most transactions between RM 436 and RM 436. The usual range is RM 245.50 to RM 626.50, showing that most units are priced quite close to each other. With an IQR of RM 381.00 and MAD of RM 0, 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

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