Timur Laut, Penang · Freehold · 31 transactions
Estimated Market Value
Units (700–743 sqft) estimated at RM345K – RM366K based on median PSF of RM493/sqft (31 verified transactions)
-10.6%
since 2022
Median Price
RM350K
RM315K – RM380K
Median PSF
RM493
RM444 – RM529
Transactions
31
2022-03 to 2025-09
Size Range
700 – 743
sq.ft (built-up)
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Sept 2025 | Flat | Freehold | 743 | RM404 | RM300K |
| Jul 2025 | Flat | Freehold | 700 | RM600 | RM420K |
| Jul 2025 | Flat | Freehold | 700 | RM457 | RM320K |
| Jul 2025 | Flat | Freehold | 700 | RM443 | RM310K |
| Aug 2024 | Flat | Freehold | 700 | RM436 | RM305K |
| Jul 2024 | Flat | Freehold | 743 | RM471 | RM350K |
| Mar 2024 | Flat | Freehold | 743 | RM444 | RM330K |
| Feb 2024 | Flat | Freehold | 700 | RM493 | RM345K |
23 more transactions hidden
MELODY HOMES · 31 transactions
vs RM200–500 valuer fee
RM69.90
one-time · no subscription
Investment ROI since first transaction
Capital gain 2022–2025 + est. rental yield
Market verdict
Trend direction, liquidity rating, PSF vs Timur Laut average
All 31 transaction records
Complete data, filterable & sortable
3 interactive charts
Scatter plot, price & PSF vs Timur Laut & Penang
Unit mix breakdown
Median price & PSF by size category
Rental yield analysis
Est. monthly rent by furnishing type
Data-driven insights for MELODY HOMES
Earliest PSF (2022)
RM512
Current PSF (2025)
RM457
Capital Gain
-10.6%
Total Return (est.)
0.6% p.a.
| Capital appreciation (3 years) | -10.6% |
| Annualised capital return | -3.5% p.a. |
| Est. gross rental yield | 4.1% p.a. |
| Est. total return (capital + rental) | 0.6% p.a. |
| vs Fixed Deposit (3.5% p.a. x 3yr) | -8.8% |
*Based on earliest recorded transaction (2022). Actual launch price may differ. Rental yield computed from 0 active rental listings.
Median Rent
RM1,200/mo
Rent Range
RM1000-1400
25th – 75th pct
Rent PSF
RM1.64
Est. Yield
4.1% p.a.
| Furnishing | Est. Rent |
|---|---|
| Bare/Unfurnished | RM1,000/mo |
| Semi Furnished | RM1,200/mo |
| Fully Furnished | RM1,500/mo |
*Estimated rental figures based on Penang district average gross yield (4.1%). Actual rents may vary.
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 700 sqft | 22 | RM348K | RM497 |
| 750 sqft | 9 | RM365K | RM491 |
PSF Trend: Declining
PSF moved from RM512 (2022) to RM457 (2025)
Liquidity: Moderate
31 transactions over 3 years (~10/year)
12% above Timur Laut average
This project: RM493 PSF vs Timur Laut median: RM440 PSF
Est. Total Return: 0.6% p.a. (below FD)
Capital loss (-3.5% p.a.) + rental yield (~4.1% p.a.)
MELODY HOMES delivers a modest estimated total return of 0.6% p.a. — comprising -3.5% capital depreciation and ~4.1% rental yield over 3 years. This underperforms fixed deposits (3.5% p.a.), suggesting limited investment appeal at current prices. PSF is 12% above the Timur Laut average, reflecting its positioning as a premium development in the area. Best suited for long-term holders, those who value liquidity.
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ROI since first transaction, unit mix breakdown, rental yield, area comparison & market verdict
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