PINE RESIDENCE

PINE RESIDENCE in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 695K and a median price per square foot (PSF) of RM 403.

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 695K, with most transactions falling within a stable range of RM 610K to RM 919K, and a typical market range of RM 664K to RM 726K.

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

The median PSF stands at RM 403, with core pricing between RM 340 and RM 465. Market pricing typically extends from RM 381.25 to RM 423.75, reflecting moderate variation in unit pricing. The spread of RM 42.50 (IQR) and deviation of RM 63 (MAD) suggest moderate price variations reflecting different property features.

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. Limited transaction history suggests carefully evaluating comparable sales data.