ALILA 2

ALILA 2 in Timur Laut, Penang recorded 12 subsale transactions in 2023, with a median price of RM 2.26 million and a median price per square foot (PSF) of RM 1,224.

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 2.26 million, with most transactions falling within a stable range of RM 1.72 million to RM 2.80 million, and a typical market range of RM 2.06 million to RM 2.45 million.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 1,224, with core pricing between RM 1,077 and RM 1,371. Market pricing typically extends from RM 1,094.38 to RM 1,353.63, reflecting moderate variation in unit pricing. With an IQR of RM 259.25 and MAD of RM 147, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.