TAMAN JELUTONG (LANDED PROPERTY)

TAMAN JELUTONG (LANDED PROPERTY) in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 845K and a median price per square foot (PSF) of RM 553.

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 845K, with most transactions falling within a stable range of RM 790K to RM 900K, and a typical market range of RM 760K to RM 915K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 553, with most transactions between RM 510 and RM 596. The usual range is RM 514.13 to RM 591.88, showing that most units are priced quite close to each other. With an IQR of RM 77.75 and MAD of RM 43, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.