Melody Homes

Lbh Thean Teik, 11500 Ayer Itam, Pulau Pinang, Malaysia

Property Transactions

12 subsales grouped by size

Median
RM367,500
PSF
RM506
Price Size
Period
transactions middle 50% (P25–P75)
700 sqft
Flat
RM400,000
Level 23
700 sqft · RM572 PSF
RM350,000
Level 17
700 sqft · RM500 PSF
RM380,000
Level 18
700 sqft · RM543 PSF
RM370,000
Level 27
700 sqft · RM529 PSF
RM290,000
Level 30
700 sqft · RM414 PSF
RM300,000
Level 3
700 sqft · RM429 PSF
RM305,000
Level 18
700 sqft · RM436 PSF
RM348,000
Level 23
700 sqft · RM497 PSF
750 sqft
Flat
RM400,000
Level 25
743 sqft · RM539 PSF
RM365,000
Level 20
743 sqft · RM491 PSF
RM380,000
Level 19
743 sqft · RM512 PSF
RM385,000
Level 20
743 sqft · RM518 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM367,500

RM506 psf

Median transaction price

Average

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Melody Homes
© OpenStreetMap · CARTO

Lbh Thean Teik, 11500 Ayer Itam, Pulau Pinang, Malaysia

Maps

Melody Homes in Timur Laut, Penang recorded 12 subsale transactions in 2022, with a median price of RM368K and a median price per square foot (PSF) of RM506.

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 RM368K, with most transactions falling within a stable range of RM331K to RM400K, and a typical market range of RM336K to RM399K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM506, with most transactions between RM459 and RM553. The usual range is RM464.94 to RM546.94, showing that most units are priced quite close to each other. With an IQR of RM82.00 and MAD of RM47, 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.