ECO TERRACES

ECO TERRACES in Timur Laut, Penang recorded 35 subsale transactions in 2022, with a median price of RM 800K and a median price per square foot (PSF) of RM 585.

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 800K, with most transactions falling within a stable range of RM 550K to RM 1.11 million, and a typical market range of RM 584K to RM 1.02 million.

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

Price per square foot shows a median of RM 585, though individual units vary from RM 395 to RM 775 in the core range. The broader market spans RM 429.63 to RM 740.38, indicating diverse property characteristics. A wider spread (IQR: RM 310.75) and deviation (MAD: RM 190) 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. Moderate transaction volume may require patience when buying or selling.