THE PULSE

THE PULSE in Timur Laut, Penang recorded 10 subsale transactions in 2022, with a median price of RM 357K and a median price per square foot (PSF) of RM 438.

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 357K, with most transactions falling within a stable range of RM 325K to RM 389K, and a typical market range of RM 329K to RM 385K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 438, with most transactions between RM 395 and RM 480. The usual range is RM 406.50 to RM 468.50, showing that most units are priced quite close to each other. With an IQR of RM 62.00 and MAD of RM 43, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.