TAMAN DESA RELAU II

TAMAN DESA RELAU II in Timur Laut, Penang recorded 14 subsale transactions in 2024, with a median price of RM 298K and a median price per square foot (PSF) of RM 395.

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 298K, with most transactions falling within a stable range of RM 255K to RM 346K, and a typical market range of RM 268K to RM 327K.

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

The median PSF stands at RM 395, with core pricing between RM 331 and RM 459. Market pricing typically extends from RM 355.75 to RM 434.25, reflecting moderate variation in unit pricing. The spread of RM 78.50 (IQR) and deviation of RM 64 (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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.