TAMAN SRI INDAH (LONE PINE)

TAMAN SRI INDAH (LONE PINE) in Timur Laut, Penang recorded 17 subsale transactions in 2023, with a median price of RM 220K and a median price per square foot (PSF) of RM 417.

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 220K, with most transactions falling within a stable range of RM 155K to RM 285K, and a typical market range of RM 183K to RM 257K.

Most transactions involved flats, though some variety exists in the market.

The median PSF stands at RM 417, with core pricing between RM 354 and RM 480. Market pricing typically extends from RM 375.25 to RM 458.75, reflecting moderate variation in unit pricing. The spread of RM 83.50 (IQR) and deviation of RM 63 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.