TAMAN CONCORD

Area Intelligence

2023

Median Price

RM 712,500

PSF: RM 544

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Residential PSF Trends

Median Price

RM 712,500

PSF: RM 544

TAMAN CONCORD in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 713K and a median price per square foot (PSF) of RM 544.

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 713K, with most transactions falling within a stable range of RM 860K to RM 808K, and a typical market range of RM 860K to RM 885K.

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 544, though individual units vary from RM 418 to RM 670 in the core range. The broader market spans RM 490.00 to RM 597.00, indicating diverse property characteristics. The spread of RM 107.00 (IQR) and deviation of RM 126 (MAD) suggest moderate price variations reflecting different property features.

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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TAMAN CONCORD, Timur Laut, Penang

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