VERTIQ

VERTIQ in Timur Laut, Penang recorded 7 subsale transactions in 2023, with a median price of RM 770K and a median price per square foot (PSF) of RM 708.

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 770K, with most transactions falling within a stable range of RM 700K to RM 872K, and a typical market range of RM 700K to RM 927K.

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

The median PSF stands at RM 708, with core pricing between RM 633 and RM 783. Market pricing typically extends from RM 675.63 to RM 740.38, reflecting moderate variation in unit pricing. With an IQR of RM 64.75 and MAD of RM 75, 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.