RESERVOIR GARDEN

RESERVOIR GARDEN in Timur Laut, Penang recorded 5 subsale transactions in 2022, with a median price of RM 925K and a median price per square foot (PSF) of RM 373.

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 925K, with most transactions falling within a stable range of RM 852K to RM 998K, and a typical market range of RM 794K to RM 1.00 million.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 373, with core pricing between RM 321 and RM 425. Market pricing typically extends from RM 309.38 to RM 436.63, reflecting moderate variation in unit pricing. With an IQR of RM 127.25 and MAD of RM 52, 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.