GRACE RESIDENCE

GRACE RESIDENCE in Timur Laut, Penang recorded 14 subsale transactions in 2022, with a median price of RM 925K and a median price per square foot (PSF) of RM 633.

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 925K, with most transactions falling within a stable range of RM 806K to RM 1.04 million, and a typical market range of RM 836K to RM 1.01 million.

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

The median PSF stands at RM 633, with core pricing between RM 561 and RM 704. Market pricing typically extends from RM 592.00 to RM 673.00, reflecting moderate variation in unit pricing. With an IQR of RM 81.00 and MAD of RM 71, 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.