UNIVERSITI PLACE

UNIVERSITI PLACE in Timur Laut, Penang recorded 5 subsale transactions in 2024, with a median price of RM 465K and a median price per square foot (PSF) of RM 645.

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 465K, with most transactions falling within a stable range of RM 439K to RM 1.16 million, and a typical market range of RM 439K to RM 513K.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 645, with core pricing between RM 550 and RM 740. Market pricing typically extends from RM 615.00 to RM 675.00, reflecting moderate variation in unit pricing. With an IQR of RM 60.00 and MAD of RM 95, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.