ISLAND GLADES 2/T LTG DELIMA 1, 4-11

ISLAND GLADES 2/T LTG DELIMA 1, 4-11 in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 1.21 million and a median price per square foot (PSF) of RM 698.

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 1.21 million, with most transactions falling within a stable range of RM 950K to RM 1.47 million, and a typical market range of RM 950K to RM 1.47 million.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

For price per square foot, the median is RM 698, with most transactions between RM 684 and RM 712. The usual range is RM 636.50 to RM 759.50, showing that most units are priced quite close to each other. With an IQR of RM 123.00 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.