MEDAN LUMBA KUDA

MEDAN LUMBA KUDA in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 435K and a median price per square foot (PSF) of RM 546.

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 435K, with most transactions falling within a stable range of RM 400K to RM 659K, and a typical market range of RM 409K to RM 461K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 546, with most transactions between RM 505 and RM 587. The usual range is RM 513.75 to RM 578.25, showing that most units are priced quite close to each other. With an IQR of RM 64.50 and MAD of RM 41, 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.