MOUNT PLEASURE

MOUNT PLEASURE in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM 422K and a median price per square foot (PSF) of RM 394.

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 422K, with most transactions falling within a stable range of RM 325K to RM 518K, and a typical market range of RM 365K to RM 478K.

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

The median PSF stands at RM 394, with core pricing between RM 315 and RM 472. Market pricing typically extends from RM 343.63 to RM 443.38, reflecting moderate variation in unit pricing. The spread of RM 99.75 (IQR) and deviation of RM 79 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.