TERRA FIRMA DEV. S/B

TERRA FIRMA DEV. S/B in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 229K and a median price per square foot (PSF) of RM 340.

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 229K, with most transactions falling within a stable range of RM 193K to RM 264K, and a typical market range of RM 204K to RM 254K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 340, with core pricing between RM 278 and RM 401. Market pricing typically extends from RM 291.50 to RM 387.50, reflecting moderate variation in unit pricing. The spread of RM 96.00 (IQR) and deviation of RM 61 (MAD) suggest moderate price variations reflecting different property features.

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.