PENANG TIMES SQUARE - BIRCH REGENCY

PENANG TIMES SQUARE - BIRCH REGENCY in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 485K and a median price per square foot (PSF) of RM 487.

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 485K, with most transactions falling within a stable range of RM 422K to RM 548K, and a typical market range of RM 444K to RM 526K.

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

The median PSF stands at RM 487, with core pricing between RM 419 and RM 555. Market pricing typically extends from RM 423.25 to RM 550.75, reflecting moderate variation in unit pricing. With an IQR of RM 127.50 and MAD of RM 68, 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.