Area Intelligence

TMN TELUK MOLEK

3 properties
2023
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Median Price
RM 624,000
PSF: RM 201

Residential Market

Median Price

RM 624,000

IQR: RM 41
MAD: RM 26
RM 201 PSF 6.5%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TMN TELUK MOLEK in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 624K 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 624K, with most transactions falling within a stable range of RM 610K to RM 673K, and a typical market range of RM 610K to RM 671K.

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

For price per square foot, the median is RM 201, with most transactions between RM 187 and RM 215. The usual range is RM 185.38 to RM 216.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 31.25 and an average deviation (MAD) of RM 14 indicate a highly stable PSF trend across properties.

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.

Area Location

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TMN TELUK MOLEK, Seberang Perai Utara, Penang

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Transactions

3 properties grouped by size

3,050 sqft
1 units Single Storey Semi-D
RM 610,000
TKT LAKSAMANA 2
3,040 sqft · RM 201.00 PSF
Feb 2023
3,150 sqft
1 units Single Storey Semi-D
RM 720,000
TKT LAKSAMANA 2
3,154 sqft · RM 228.00 PSF
Feb 2023
3,200 sqft
1 units Single Storey Semi-D
RM 624,000
TINGKAT LAKSAMANA 2
3,199 sqft · RM 195.00 PSF
Jul 2023