N-PARK (TAMAN UTARA)

N-PARK (TAMAN UTARA) in Timur Laut, Penang recorded 9 subsale transactions in 2024, with a median price of RM 330K and a median price per square foot (PSF) of RM 472.

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 330K, with most transactions falling within a stable range of RM 200K to RM 460K, and a typical market range of RM 254K to RM 406K.

Most transactions involved condominium/apartment, with moderate diversity in property types available.

Price per square foot shows a median of RM 472, though individual units vary from RM 312 to RM 632 in the core range. The broader market spans RM 364.13 to RM 579.88, indicating diverse property characteristics. A wider spread (IQR: RM 215.75) and deviation (MAD: RM 160) 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. Limited transaction history suggests carefully evaluating comparable sales data.