Melody Homes

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

Property Transactions

9 subsales grouped by size

Median
RM350,000
PSF
RM471
Price Size
Period
transactions middle 50% (P25–P75)
700 sqft
Flat
RM315,000
Level 25
700 sqft · RM450 PSF
RM370,000
Level 16
700 sqft · RM529 PSF
RM420,000
Level 20
700 sqft · RM600 PSF
RM360,000
Level 7
700 sqft · RM515 PSF
RM325,000
Level 16
700 sqft · RM465 PSF
RM328,000
Level 24
700 sqft · RM469 PSF
RM303,000
Level 9
700 sqft · RM433 PSF
750 sqft
Flat
RM350,000
Level 5
743 sqft · RM471 PSF
RM400,000
Level 8
743 sqft · RM539 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM350,000

RM471 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 9 subsale transactions in 2023, with a median price of RM350K and a median price per square foot (PSF) of RM471.

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 RM350K, with most transactions falling within a stable range of RM313K to RM387K, and a typical market range of RM319K to RM381K.

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

The median PSF stands at RM471, with core pricing between RM421 and RM521. Market pricing typically extends from RM430.25 to RM512.25, reflecting moderate variation in unit pricing. With an IQR of RM82.00 and MAD of RM50, 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.