Penang
Timur Laut
Tanjung Bungah
RATU MUTIARA (TAMAN RATU)

RATU MUTIARA (TAMAN RATU)

Area Intelligence

2024

Median Price

RM 595,000

PSF: RM 467

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Residential PSF Trends

Median Price

RM 595,000

PSF: RM 467

RATU MUTIARA (TAMAN RATU) in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 595K and a median price per square foot (PSF) of RM 467.

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 595K, with most transactions falling within a stable range of RM 500K to RM 690K, and a typical market range of RM 500K to RM 690K.

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

The median PSF stands at RM 467, with core pricing between RM 404 and RM 530. Market pricing typically extends from RM 276.50 to RM 657.50, reflecting moderate variation in unit pricing. With an IQR of RM 381.00 and MAD of RM 63, 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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