Penang
Timur Laut
Tanjung Tokong
CITY RESIDENCE

CITY RESIDENCE

Area Intelligence

2023

Median Price

RM 480,000

PSF: RM 873

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Residential PSF Trends

Median Price

RM 480,000

PSF: RM 873

CITY RESIDENCE in Timur Laut, Penang recorded 1 subsale transactions in 2023, up to 1,000 sqft, with a median price of RM 480K and a median price per square foot (PSF) of RM 873.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 873, with most transactions between RM 873 and RM 873. The usual range is RM 811.84 to RM 933.84, showing that most units are priced quite close to each other. With an IQR of RM 122.00 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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CITY RESIDENCE, Timur Laut, Penang

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