CITY RESIDENCE

CITY RESIDENCE in Timur Laut, Penang recorded 1 subsale transactions in 2024, with a median price of RM 1.13 million and a median price per square foot (PSF) of RM 665.

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 1.13 million, with most transactions falling within a stable range of RM 970K to RM 1.29 million, and a typical market range of RM 975K to RM 1.29 million.

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

For price per square foot, the median is RM 665, with most transactions between RM 600 and RM 730. The usual range is RM 603.73 to RM 725.73, showing that most units are priced quite close to each other. With an IQR of RM 122.00 and MAD of RM 65, 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.