CITY RESIDENCE

CITY RESIDENCE in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 985K and a median price per square foot (PSF) of RM 791.

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 985K, with most transactions falling within a stable range of RM 682K to RM 1.29 million, and a typical market range of RM 830K to RM 1.14 million.

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

The median PSF stands at RM 791, with core pricing between RM 707 and RM 874. Market pricing typically extends from RM 729.50 to RM 851.50, reflecting moderate variation in unit pricing. With an IQR of RM 122.00 and MAD of RM 84, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.