Scott Residence in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM963K and a median price per square foot (PSF) of RM867.

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 RM963K, with most transactions falling within a stable range of RM655K to RM1.27 million, and a typical market range of RM751K to RM1.17 million.

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

For price per square foot, the median is RM867, with most transactions between RM825 and RM908. The usual range is RM823.41 to RM909.91, showing that most units are priced quite close to each other. With an IQR of RM86.50 and MAD of RM42, 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.