TAMAN DESA RELAU II

TAMAN DESA RELAU II in Timur Laut, Penang recorded 29 subsale transactions in 2022, with a median price of RM 270K and a median price per square foot (PSF) of RM 358.

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 270K, with most transactions falling within a stable range of RM 238K to RM 302K, and a typical market range of RM 240K to RM 300K.

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

The median PSF stands at RM 358, with core pricing between RM 316 and RM 400. Market pricing typically extends from RM 318.75 to RM 397.25, reflecting moderate variation in unit pricing. With an IQR of RM 78.50 and MAD of RM 42, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Moderate transaction volume may require patience when buying or selling.