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 695K to RM 368K, and a typical market range of RM 540K to RM 368K.

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

For price per square foot, the median is RM 544, with most transactions between RM 544 and RM 544. The usual range is RM 490.00 to RM 597.00, showing that most units are priced quite close to each other. With an IQR of RM 107.00 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. 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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