GRACE RESIDENCE

GRACE RESIDENCE in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 820K and a median price per square foot (PSF) of RM 566.

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 820K, with most transactions falling within a stable range of RM 736K to RM 904K, and a typical market range of RM 731K to RM 909K.

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

For price per square foot, the median is RM 566, with most transactions between RM 514 and RM 618. The usual range is RM 525.50 to RM 606.50, showing that most units are priced quite close to each other. With an IQR of RM 81.00 and MAD of RM 52, 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.