Penang
Timur Laut
Tanjung Tokong
CITY RESIDENCE

CITY RESIDENCE

Area Intelligence

2023

Median Price

RM 970,000

PSF: RM 789

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Residential PSF Trends

Median Price

RM 970,000

PSF: RM 789

CITY RESIDENCE in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 970K and a median price per square foot (PSF) of RM 789.

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 970K, with most transactions falling within a stable range of RM 859K to RM 1.00 million, and a typical market range of RM 815K to RM 1.00 million.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 789, with most transactions between RM 728 and RM 849. The usual range is RM 727.62 to RM 849.62, showing that most units are priced quite close to each other. With an IQR of RM 122.00 and MAD of RM 61, the PSF demonstrates reasonable consistency across the market.

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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CITY RESIDENCE, Timur Laut, Penang

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