TMN TELUK INDAH

TMN TELUK INDAH in Seberang Perai Tengah, Penang recorded 13 subsale transactions in 2023, with a median price of RM 45K and a median price per square foot (PSF) of RM 79.

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 45K, with most transactions falling within a stable range of RM 30K to RM 60K, and a typical market range of RM 35K to RM 55K.

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

Price per square foot shows a median of RM 79, though individual units vary from RM 52 to RM 106 in the core range. The broader market spans RM 64.00 to RM 94.00, indicating diverse property characteristics. A wider spread (IQR: RM 30.00) and deviation (MAD: RM 27) 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.