MOUNT PLEASURE

MOUNT PLEASURE in Timur Laut, Penang recorded 17 subsale transactions in 2022, with a median price of RM 460K and a median price per square foot (PSF) of RM 436.

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 460K, with most transactions falling within a stable range of RM 350K to RM 792K, and a typical market range of RM 403K to RM 517K.

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

The median PSF stands at RM 436, with core pricing between RM 367 and RM 505. Market pricing typically extends from RM 386.13 to RM 485.88, reflecting moderate variation in unit pricing. The spread of RM 99.75 (IQR) and deviation of RM 69 (MAD) suggest moderate price variations reflecting different property features.

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.