Timur Laut, Penang · Freehold · 5 transactions
Median Price
RM1.87M
RM1.87M – RM1.87M
Median PSF
RM729
RM627 – RM729
Transactions
5
2021-11 to 2023-11
Size Range
2562 – 4510
sq.ft (built-up)
Data-driven insights for MINDEN RESIDENCE
Earliest PSF (2021)
RM627
Current PSF (2023)
RM333
Capital Gain
-47.0%
Total Return (est.)
-19.5% p.a.
| Capital appreciation (2 years) | -47.0% |
| Annualised capital return | -23.5% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | -19.5% p.a. |
| vs Fixed Deposit (3.5% p.a. x 2yr) | -46.0% |
*Based on earliest recorded transaction (2021). Actual launch price may differ. Rental yield estimated from Penang district averages.
PSF Trend: Declining
PSF moved from RM627 (2021) to RM333 (2023)
Liquidity: Low
5 transactions over 2 years (~3/year)
59% above Timur Laut average
This project: RM729 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: -19.5% p.a. (below FD)
Capital loss (-23.5% p.a.) + rental yield (~4% p.a.)
MINDEN RESIDENCE delivers a modest estimated total return of -19.5% p.a. — comprising -23.5% capital depreciation and ~4% rental yield over 2 years. This underperforms fixed deposits (3.5% p.a.), suggesting limited investment appeal at current prices. PSF trades at a significant 59% premium over the Timur Laut average — upside may be limited unless the area appreciates. Best suited for long-term holders.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Nov 2023 | 2 - 2 1/2 Storey Semi-Detached | Freehold | 4,510 | RM333 | RM1.50M |
| Oct 2022 | 2 - 2 1/2 Storey Semi-Detached | Freehold | 2,562 | RM729 | RM1.87M |
| Aug 2022 | 2 - 2 1/2 Storey Semi-Detached | Freehold | 2,562 | RM729 | RM1.87M |
| May 2022 | 2 - 2 1/2 Storey Semi-Detached | Freehold | 2,562 | RM729 | RM1.87M |
| Nov 2021 | 2 - 2 1/2 Storey Semi-Detached | Freehold | 3,455 | RM627 | RM2.17M |
Complete NAPIC transaction data with trend analysis — RM69.90 per report
Investment ROI
Capital gain + rental yield since launch
Market verdict
Trend, liquidity, and area comparison
Unit mix breakdown
Price & PSF by unit size
All transactions
Full table of 5 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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