ECO TERRACES

ECO TERRACES in Timur Laut, Penang recorded 5 subsale transactions in 2024, with a median price of RM 1.10 million and a median price per square foot (PSF) of RM 606.

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 1.10 million, with most transactions falling within a stable range of RM 822K to RM 1.25 million, and a typical market range of RM 884K to RM 1.25 million.

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

Price per square foot shows a median of RM 606, though individual units vary from RM 483 to RM 729 in the core range. The broader market spans RM 450.63 to RM 761.38, indicating diverse property characteristics. The spread of RM 310.75 (IQR) and deviation of RM 123 (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.