TMN TELUK INDAH

TMN TELUK INDAH in Seberang Perai Tengah, Penang recorded 15 subsale transactions in 2022, with a median price of RM 33K and a median price per square foot (PSF) of RM 59.

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 33K, with most transactions falling within a stable range of RM 21K to RM 45K, and a typical market range of RM 23K to RM 43K.

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

Price per square foot shows a median of RM 59, though individual units vary from RM 41 to RM 78 in the core range. The broader market spans RM 44.00 to RM 74.00, indicating diverse property characteristics. A wider spread (IQR: RM 30.00) and deviation (MAD: RM 19) indicate significant PSF variations, likely due to diverse property types or conditions.

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.