GREEN LANE PARK

GREEN LANE PARK in Timur Laut, Penang recorded 6 subsale transactions in 2022, with a median price of RM 495K and a median price per square foot (PSF) of RM 529.

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 495K, with most transactions falling within a stable range of RM 413K to RM 577K, and a typical market range of RM 463K to RM 527K.

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

For price per square foot, the median is RM 529, with most transactions between RM 481 and RM 576. The usual range is RM 485.38 to RM 571.63, showing that most units are priced quite close to each other. With an IQR of RM 86.25 and MAD of RM 47, 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.