THE TAMARIND

THE TAMARIND in Timur Laut, Penang recorded 35 subsale transactions in 2022, with a median price of RM 919K and a median price per square foot (PSF) of RM 758.

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 919K, with most transactions falling within a stable range of RM 759K to RM 1.08 million, and a typical market range of RM 789K to RM 1.05 million.

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

The median PSF stands at RM 758, with core pricing between RM 665 and RM 851. Market pricing typically extends from RM 684.50 to RM 831.50, reflecting moderate variation in unit pricing. With an IQR of RM 147.00 and MAD of RM 93, 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.