DESA MUTIARA II (TAMAN MUTIARA INDAH)

DESA MUTIARA II (TAMAN MUTIARA INDAH) in Timur Laut, Penang recorded 14 subsale transactions in 2022, with a median price of RM 340K and a median price per square foot (PSF) of RM 471.

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 340K, with most transactions falling within a stable range of RM 258K to RM 1.17 million, and a typical market range of RM 258K to RM 456K.

Most transactions involved flats, though some variety exists in the market.

Price per square foot shows a median of RM 471, though individual units vary from RM 337 to RM 604 in the core range. The broader market spans RM 414.63 to RM 526.38, indicating diverse property characteristics. A wider spread (IQR: RM 111.75) and deviation (MAD: RM 133) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.