ECO TERRACES

ECO TERRACES in Timur Laut, Penang recorded 54 subsale transactions in 2021, with a median price of RM 1.19 million and a median price per square foot (PSF) of RM 876.

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 1.19 million, with most transactions falling within a stable range of RM 957K to RM 1.42 million, and a typical market range of RM 972K to RM 1.40 million.

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

The median PSF stands at RM 876, with core pricing between RM 759 and RM 993. Market pricing typically extends from RM 720.63 to RM 1,031.38, reflecting moderate variation in unit pricing. With an IQR of RM 310.75 and MAD of RM 117, 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. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.