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Melody Homes
PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
ResidentialRM350,000
RM493 psfMedian transaction price
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Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.
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Lbh Thean Teik, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsMelody Homes in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM350K and a median price per square foot (PSF) of RM493.
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 RM350K, with most transactions falling within a stable range of RM320K to RM380K, and a typical market range of RM319K to RM381K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM493, with most transactions between RM450 and RM536. The usual range is RM452.00 to RM534.00, showing that most units are priced quite close to each other. With an IQR of RM82.00 and MAD of RM43, 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. Limited transaction history suggests carefully evaluating comparable sales data.