Area Intelligence

THE TAMARIND

26 properties

2023

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Median Price

RM 865,000

PSF: RM 801

Residential Market

Median Price

RM 865,000

IQR: RM 147

MAD: RM 69

RM 801 PSF 3.6%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Service Apartment

97 properties

Median Price

RM 847,500

+3.4% CAGR

Median PSF

RM 779.50

+3.6% CAGR

Condo/Apartment

22 properties

Median Price

RM 500,000

+6.8% CAGR

Median PSF

RM 476.00

+3.7% CAGR

Property Type	Properties	Median Price	Price CAGR	Median PSF	PSF CAGR
Service Apartment	97	RM 847,500 ±45K MAD	+3.44%	RM 779.50 ±22 MAD	+3.56%
Condo/Apartment	22	RM 500,000 ±11K MAD	+6.78%	RM 476.00 ±32 MAD	+3.66%

THE TAMARIND in Timur Laut, Penang recorded 26 subsale transactions in 2023, with a median price of RM 865K and a median price per square foot (PSF) of RM 801.

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 865K, with most transactions falling within a stable range of RM 712K to RM 1.02 million, and a typical market range of RM 735K to RM 995K.

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

The median PSF stands at RM 801, with core pricing between RM 711 and RM 891. Market pricing typically extends from RM 727.50 to RM 874.50, reflecting moderate variation in unit pricing. With an IQR of RM 147.00 and MAD of RM 90, 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. Moderate transaction volume may require patience when buying or selling.

Area Location

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THE TAMARIND, Timur Laut, Penang

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Transactions

26 properties found

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Grouped Individual

Service Apartment

RM 1,000,000

1,023 sqft Nov 2023

RM 978.00 PSF

Service Apartment

RM 900,000

1,313 sqft Nov 2023

RM 685.00 PSF

Service Apartment

RM 870,000

1,023 sqft Oct 2023

RM 851.00 PSF

Service Apartment

RM 780,000

1,023 sqft Oct 2023

RM 763.00 PSF

Service Apartment

RM 1,140,000

1,173 sqft Oct 2023

RM 972.00 PSF

Service Apartment

RM 750,000

1,023 sqft Sep 2023

RM 733.00 PSF

Service Apartment

RM 890,000

1,023 sqft Sep 2023

RM 870.00 PSF

Service Apartment

RM 820,000

1,023 sqft Sep 2023

RM 802.00 PSF

Service Apartment

RM 860,000

1,023 sqft Sep 2023

RM 841.00 PSF

Service Apartment

RM 1,100,000

1,173 sqft Sep 2023

RM 938.00 PSF

Service Apartment

RM 1,135,000

1,313 sqft Sep 2023

RM 864.00 PSF

Service Apartment

RM 767,000

1,023 sqft Jul 2023

RM 750.00 PSF

Service Apartment

RM 955,000

1,313 sqft Jul 2023

RM 727.00 PSF

Service Apartment

RM 1,199,000

1,313 sqft Jul 2023

RM 913.00 PSF

Service Apartment

RM 870,000

1,023 sqft Jun 2023

RM 851.00 PSF

Service Apartment

RM 790,000

1,023 sqft Jun 2023

RM 773.00 PSF

Service Apartment

RM 818,000

1,023 sqft Jun 2023

RM 800.00 PSF

Service Apartment

RM 700,000

1,023 sqft Jun 2023

RM 685.00 PSF

Service Apartment

RM 700,000

1,023 sqft Apr 2023

RM 685.00 PSF

Service Apartment

RM 880,000

1,023 sqft Apr 2023

RM 861.00 PSF

Service Apartment

RM 1,035,000

1,173 sqft Apr 2023

RM 882.00 PSF

Service Apartment

RM 1,150,000

1,313 sqft Apr 2023

RM 876.00 PSF

Service Apartment

RM 745,000

1,023 sqft Mar 2023

RM 729.00 PSF

Service Apartment

RM 715,000

1,023 sqft Feb 2023

RM 699.00 PSF

Service Apartment

RM 730,000

1,023 sqft Jan 2023

RM 714.00 PSF

Service Apartment

RM 730,000

1,047 sqft Jan 2023

RM 697.00 PSF

Type	Price	PSF	Area	Date
Service Apartment	RM 1,000,000	RM 978.00	1,023 sqft	Nov 2023
Service Apartment	RM 900,000	RM 685.00	1,313 sqft	Nov 2023
Service Apartment	RM 870,000	RM 851.00	1,023 sqft	Oct 2023
Service Apartment	RM 780,000	RM 763.00	1,023 sqft	Oct 2023
Service Apartment	RM 1,140,000	RM 972.00	1,173 sqft	Oct 2023
Service Apartment	RM 750,000	RM 733.00	1,023 sqft	Sep 2023
Service Apartment	RM 890,000	RM 870.00	1,023 sqft	Sep 2023
Service Apartment	RM 820,000	RM 802.00	1,023 sqft	Sep 2023
Service Apartment	RM 860,000	RM 841.00	1,023 sqft	Sep 2023
Service Apartment	RM 1,100,000	RM 938.00	1,173 sqft	Sep 2023
Service Apartment	RM 1,135,000	RM 864.00	1,313 sqft	Sep 2023
Service Apartment	RM 767,000	RM 750.00	1,023 sqft	Jul 2023
Service Apartment	RM 955,000	RM 727.00	1,313 sqft	Jul 2023
Service Apartment	RM 1,199,000	RM 913.00	1,313 sqft	Jul 2023
Service Apartment	RM 870,000	RM 851.00	1,023 sqft	Jun 2023
Service Apartment	RM 790,000	RM 773.00	1,023 sqft	Jun 2023
Service Apartment	RM 818,000	RM 800.00	1,023 sqft	Jun 2023
Service Apartment	RM 700,000	RM 685.00	1,023 sqft	Jun 2023
Service Apartment	RM 700,000	RM 685.00	1,023 sqft	Apr 2023
Service Apartment	RM 880,000	RM 861.00	1,023 sqft	Apr 2023
Service Apartment	RM 1,035,000	RM 882.00	1,173 sqft	Apr 2023
Service Apartment	RM 1,150,000	RM 876.00	1,313 sqft	Apr 2023
Service Apartment	RM 745,000	RM 729.00	1,023 sqft	Mar 2023
Service Apartment	RM 715,000	RM 699.00	1,023 sqft	Feb 2023
Service Apartment	RM 730,000	RM 714.00	1,023 sqft	Jan 2023
Service Apartment	RM 730,000	RM 697.00	1,047 sqft	Jan 2023