Area Intelligence

KAWASAN BANDAR GELUGOR

7 properties
2023
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Median Price
RM 1,850,000
PSF: RM 484

Residential Market

Median Price

RM 1,850,000

IQR: RM 209
MAD: RM 89
RM 484 PSF 21.7%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

KAWASAN BANDAR GELUGOR in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 1.85 million and a median price per square foot (PSF) of RM 484.

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 1.85 million, with most transactions falling within a stable range of RM 1.40 million to RM 2.32 million, and a typical market range of RM 1.40 million to RM 2.36 million.

Most transactions involved detached, with moderate diversity in property types available.

Price per square foot shows a median of RM 484, though individual units vary from RM 333 to RM 635 in the core range. The broader market spans RM 392.50 to RM 575.50, indicating diverse property characteristics. A wider spread (IQR: RM 183.00) and deviation (MAD: RM 151) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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KAWASAN BANDAR GELUGOR, Timur Laut, Penang

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Transactions

7 properties grouped by size

2,900 sqft
1 units Double Storey Semi-D
RM 1,730,000
LENGKOK PEMANCAR
2,885 sqft · RM 600.00 PSF
Jul 2023
3,050 sqft
1 units Double Storey Semi-D
RM 2,200,000
LENGKOK PEMANCAR
3,046 sqft · RM 722.00 PSF
Dec 2023
3,750 sqft
1 units Single Storey Semi-D
RM 1,850,000
LENGKOK PEMANCAR
3,743 sqft · RM 494.00 PSF
Jan 2023
3,900 sqft
1 units Detached
RM 1,800,000
JALAN HILIR PEMANCAR
3,886 sqft · RM 463.00 PSF
Jan 2023
4,150 sqft
1 units Double Storey Semi-D
RM 2,000,000
LENGKOK PEMANCAR
4,133 sqft · RM 484.00 PSF
Jan 2023
6,700 sqft
1 units Detached
RM 1,400,000
JALAN PEMANCAR
6,721 sqft · RM 208.00 PSF
Mar 2023
8,200 sqft
1 units Detached
RM 3,000,000
SOLOK PEMANCAR
8,184 sqft · RM 367.00 PSF
Dec 2023