TMN TELUK MOLEK

TMN TELUK MOLEK in Seberang Perai Utara, Penang recorded 5 subsale transactions in 2022, with a median price of RM 612K and a median price per square foot (PSF) of RM 201.

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 612K, with most transactions falling within a stable range of RM 578K to RM 693K, and a typical market range of RM 578K to RM 659K.

Most transactions involved 1 - 1 1/2 storey semi-detached, though some variety exists in the market.

The median PSF stands at RM 201, with core pricing between RM 173 and RM 229. Market pricing typically extends from RM 185.38 to RM 216.63, reflecting moderate variation in unit pricing. With an IQR of RM 31.25 and MAD of RM 28, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.