SUN MOON CITY

SUN MOON CITY in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 153K and a median price per square foot (PSF) of RM 229.

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 153K, with most transactions falling within a stable range of RM 129K to RM 176K, and a typical market range of RM 123K to RM 182K.

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

The median PSF stands at RM 229, with core pricing between RM 191 and RM 266. Market pricing typically extends from RM 187.25 to RM 269.75, reflecting moderate variation in unit pricing. The spread of RM 82.50 (IQR) and deviation of RM 37 (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.