TAMAN CONCORD

Area Intelligence

2022

Median Price

RM 985,000

PSF: RM 471

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Residential PSF Trends

Median Price

RM 985,000

PSF: RM 471

TAMAN CONCORD in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 985K and a median price per square foot (PSF) of RM 471.

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 985K, with most transactions falling within a stable range of RM 805K to RM 985K, and a typical market range of RM 813K to RM 985K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 471, though individual units vary from RM 291 to RM 652 in the core range. The broader market spans RM 417.50 to RM 524.50, indicating diverse property characteristics. A wider spread (IQR: RM 107.00) and deviation (MAD: RM 181) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN CONCORD, Timur Laut, Penang

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