MOUNT PLEASURE

MOUNT PLEASURE in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 428K and a median price per square foot (PSF) of RM 400.

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 428K, with most transactions falling within a stable range of RM 363K to RM 492K, and a typical market range of RM 371K to RM 484K.

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

The median PSF stands at RM 400, with core pricing between RM 347 and RM 453. Market pricing typically extends from RM 350.13 to RM 449.88, reflecting moderate variation in unit pricing. With an IQR of RM 99.75 and MAD of RM 53, the PSF demonstrates reasonable consistency across the market.

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.