THE TAMARIND

THE TAMARIND in Timur Laut, Penang recorded 19 subsale transactions in 2024, with a median price of RM 830K and a median price per square foot (PSF) of RM 802.

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 830K, with most transactions falling within a stable range of RM 669K to RM 991K, and a typical market range of RM 700K to RM 960K.

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

The median PSF stands at RM 802, with core pricing between RM 687 and RM 917. Market pricing typically extends from RM 728.50 to RM 875.50, reflecting moderate variation in unit pricing. With an IQR of RM 147.00 and MAD of RM 115, 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. Limited transaction history suggests carefully evaluating comparable sales data.