SUN MOON CITY

SUN MOON CITY in Timur Laut, Penang recorded 17 subsale transactions in 2023, with a median price of RM 160K and a median price per square foot (PSF) of RM 240.

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 160K, with most transactions falling within a stable range of RM 129K to RM 191K, and a typical market range of RM 130K to RM 190K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 240, with core pricing between RM 199 and RM 281. Market pricing typically extends from RM 198.75 to RM 281.25, reflecting moderate variation in unit pricing. The spread of RM 82.50 (IQR) and deviation of RM 41 (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.