GRANITO @ PERMAI

GRANITO @ PERMAI in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 438K and a median price per square foot (PSF) of RM 509.

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 438K, with most transactions falling within a stable range of RM 433K to RM 438K, and a typical market range of RM 428K to RM 438K.

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

For price per square foot, the median is RM 509, with most transactions between RM 503 and RM 515. The usual range is RM 481.25 to RM 536.75, showing that most units are priced quite close to each other. With an IQR of RM 55.50 and MAD of RM 6, 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.