MIRA RESIDENCE
Timur Laut, Penang · Freehold · 16 transactions
Median Price
RM1.18M
RM920K – RM1.27M
Median PSF
RM710
RM662 – RM765
Transactions
16
2021-11 to 2024-11
Size Range
1352 – 2266
sq.ft (built-up)
Recorded Transactions
Median Price
Median PSF
Market Analysis
Data-driven insights for MIRA RESIDENCE
Investment Return
Earliest PSF (2021)
RM710
Current PSF (2024)
RM722
Capital Gain
+1.6%
Total Return (est.)
4.5% p.a.
| Capital appreciation (3 years) | +1.6% |
| Annualised capital return | +0.5% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 4.5% p.a. |
| vs Fixed Deposit (3.5% p.a. x 3yr) | +3.1% |
*Based on earliest recorded transaction (2021). Actual launch price may differ. Rental yield estimated from Penang district averages.
Unit Mix Breakdown
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 1,350 sqft | 6 | RM920K | RM681 |
| 1,650 sqft | 7 | RM1.24M | RM758 |
Market Verdict
PSF Trend: Stable
PSF moved from RM710 (2021) to RM722 (2024)
Liquidity: Moderate
16 transactions over 3 years (~5/year)
55% above Timur Laut average
This project: RM710 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: 4.5% p.a. (beats FD)
Capital gain (0.5% p.a.) + rental yield (~4% p.a.)
Verdict
MIRA RESIDENCE delivers a moderate estimated total return of 4.5% p.a. — comprising +0.5% capital appreciation and ~4% rental yield over 3 years. This outperforms fixed deposits (3.5% p.a.) when rental income is factored in. PSF trades at a significant 55% 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
Transaction History
Showing 5 of 16| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Nov 2024 | Condominium/Apartment | Freehold | 1,635 | RM697 | RM1.14M |
| Oct 2024 | Condominium/Apartment | Freehold | 1,635 | RM765 | RM1.25M |
| Sept 2024 | Condominium/Apartment | Freehold | 1,635 | RM722 | RM1.18M |
| Aug 2023 | Condominium/Apartment | Freehold | 1,635 | RM776 | RM1.27M |
| Apr 2023 | Condominium/Apartment | Freehold | 1,352 | RM673 | RM910K |
11 more transactions hidden
Full Report Includes
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 16 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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