TAMAN TEGOH FASA I/FASA II (GRANDVIEW)

TAMAN TEGOH FASA I/FASA II (GRANDVIEW) in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 498K and a median price per square foot (PSF) of RM 416.

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 498K, with most transactions falling within a stable range of RM 282K to RM 713K, and a typical market range of RM 389K to RM 606K.

Most transactions involved condominium/apartment, though some variety exists in the market.

The median PSF stands at RM 416, with core pricing between RM 371 and RM 460. Market pricing typically extends from RM 372.50 to RM 458.50, reflecting moderate variation in unit pricing. With an IQR of RM 86.00 and MAD of RM 44, 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.