TAMAN DESA RELAU II

TAMAN DESA RELAU II in Timur Laut, Penang recorded 26 subsale transactions in 2023, with a median price of RM 288K and a median price per square foot (PSF) of RM 382.

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 288K, with most transactions falling within a stable range of RM 251K to RM 324K, and a typical market range of RM 258K to RM 317K.

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

The median PSF stands at RM 382, with core pricing between RM 332 and RM 431. Market pricing typically extends from RM 342.25 to RM 420.75, reflecting moderate variation in unit pricing. With an IQR of RM 78.50 and MAD of RM 49, 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.