ECO TERRACES

ECO TERRACES in Timur Laut, Penang recorded 14 subsale transactions in 2023, with a median price of RM 874K and a median price per square foot (PSF) of RM 716.

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 874K, with most transactions falling within a stable range of RM 631K to RM 1.12 million, and a typical market range of RM 658K to RM 1.09 million.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 716, with core pricing between RM 591 and RM 840. Market pricing typically extends from RM 560.13 to RM 870.88, reflecting moderate variation in unit pricing. The spread of RM 310.75 (IQR) and deviation of RM 124 (MAD) suggest moderate price variations reflecting different property features.

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.