TAMAN TERUBONG INDAH (MAJESTIC HEIGHTS)

TAMAN TERUBONG INDAH (MAJESTIC HEIGHTS) in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 500K and a median price per square foot (PSF) of RM 488.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 500K, with most transactions falling within a stable range of RM 300K to RM 700K, and a typical market range of RM 377K to RM 623K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

The median PSF stands at RM 488, with core pricing between RM 429 and RM 546. Market pricing typically extends from RM 400.00 to RM 575.00, reflecting moderate variation in unit pricing. With an IQR of RM 175.00 and MAD of RM 59, the PSF demonstrates reasonable consistency across the market.

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.