TAMAN TELUK KUMBAR

TAMAN TELUK KUMBAR in Barat Daya, Penang recorded 4 subsale transactions in 2021, with a median price of RM 144K and a median price per square foot (PSF) of RM 312.

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 144K, with most transactions falling within a stable range of RM 117K to RM 170K, and a typical market range of RM 124K to RM 164K.

Most transactions involved low-cost flat, with minimal variety in property types.

The median PSF stands at RM 312, with core pricing between RM 254 and RM 369. Market pricing typically extends from RM 268.50 to RM 354.50, reflecting moderate variation in unit pricing. The spread of RM 86.00 (IQR) and deviation of RM 57 (MAD) suggest moderate price variations reflecting different property features.

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.