TAMAN TELUK KUMBAR

TAMAN TELUK KUMBAR in Barat Daya, Penang recorded 15 subsale transactions in 2023, with a median price of RM 155K and a median price per square foot (PSF) of RM 335.

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 155K, with most transactions falling within a stable range of RM 127K to RM 183K, and a typical market range of RM 135K to RM 175K.

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

The median PSF stands at RM 335, with core pricing between RM 274 and RM 396. Market pricing typically extends from RM 292.00 to RM 378.00, reflecting moderate variation in unit pricing. The spread of RM 86.00 (IQR) and deviation of RM 61 (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.