Based on 253720 units sold preceding 12 mths.
Compound annual growth rate in median price.
Timor Laut (Island) is a district in Penang that covers half of the north-eastern part of Penang Island including George Town. George Town is well known for being the City of Penang Island. Housing one of the most popular tourist destination, Timor Laut (Island) was established back in the 1890’s when the British decided to separate the administration of the southwest and northeast of Penang Island.
Timor Laut can easily be accessed from mainland Penang through the Penang Bridge that runs between George Town suburb of Gelugor and Perai. The popular roads links that can be used to get from one place to another in Penang are Tun Dr Lim Chong Eu Expressway are Federal Route 6.
Timor Laut (Island) is a district that contains so much history from the buildings to the streets. Since George Town is a part of the district there is so much to explore for those who enjoy history. As one of a UNESCO World Heritage Site, one can enjoy taking tours in locations such as the Kapitan Keling Mosque, Cheong Fatt Tze Mansion, St George’s Church and Sri Mahamariamma Temple. It is a perfect location for those who enjoy the rich architecture of lives of the past and just learning more of how those in the past lived.
Apart from the recreational attractions that Timor Laut (Island) has to offer, people can enjoy the diverse dining spots, malls, cafes and schools would not only be a good option for families but also those looking to settle down. Families can easily get their groceries at grocery stores such as Giant Suprmarket, Cold Storage and Sunshine Jelutong. There are also smaller departmental stores that are closer to housing developments that one can get the necessities from such as HeroMart.
Apart from being well known as a historical city, Timor Laut has a large variety of malls and shopping stores that can keep one busy the whole day through. One can enjoy a nice, hot meal in a fancy restaurant or a warm hawker meal that brings out so much of the Penang taste with each bite. The night market that takes place is not only a meal haven for foodies but also a tourist spot for those who like little trinkets and jewellery. Apart from that, there are a variety of cuisines that can be explored in this little district in Penang.
Timor Laut (Island) houses one of the most popular cities in Penang which in turns brings in demands and needs. Not only is the island housing locals, there are also a number of expats that grew to love this little part of the island and decided to stay. Thus, many options of international and local schools grew. There are a number of international schools that families can look through when looking at their school options. International schools such as Fairview International School, The International School Of Penang and St Christopher’s International Primary School are one of the many options that families can look at. Apart from international schools, local schools such as SMK (L) Methodist, SJK (T) Azad and SMK Bukit Jambul can also be an option when families are deciding on which school to send their children to.
Properties in Timor Laut (Island) are mainly freehold properties. The median price for the properties in Timor Laut (Island) stands at RM 1,246k while the median price per square feet stands at RM 273. There are a total of 15,553 projects as of now in Timor Laut (Island). This showcases the variety of property type that home owners and investors can browse through to find the one they fancy such as Artis 3 @ Jelutong Penang, Ferringhi Residence 2, Straits Residences @ Seri Tanjung, Setia Sky Ville and Urban Suites.
Buying, selling, or investing property is a very big decision. Even moving to your desired location can sometimes be very emotional. Using data from more than 25446 listings in Timor Laut (Island), PropertyGuru aim to help you make the right decisions on selecting property, by providing you helpful news and property statistics such as median and growth in the area, but also our opinion on local neighborhood area.Read More