PAYA TERUBONG

Penang, Malaysia

13
Properties within neighbourhood
0
Convenience Store
0
Shopping Malls
9
Supermarkets & Markets
0
Public Transport
11
Educations
6
Places of Worship
0
Medicals
2
Banks
1
Petrol Station

average

Crime Level

NIL

Highways

Eco Terraces, Eco Terraces

Upcoming Developments
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About This Map

Transacted Prices

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

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Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Paya Terubong *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

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Neighbourhood Review

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Paya Terubong is one of the lesser known and smaller districts in the state of Penang. It is located on the eastern side of the island, neighbouring Air Itam to its north and Bayan Baru to its south. The name ‘terubong' was derived from a type of grass, in which the ‘paya’ in the district’s name refers to the place where the terubong grass grows.

Paya Terubong is a beautiful township that is located on elevated land and is surrounded by mountain ranges. It is a very old and established township, although it was very much undeveloped until the mid-1970s. But due to the increasing lack of land on the island, development of the district began in the early 1980s.

A large portion of Paya Terubong is taken up by a Chinese cemetery that is managed by the United Hokkien Association. Hence, it is not unusual for some of the high rises here to overlook the cemetery. Many of the housing developments in this area are also backed by the mountains, which the Chinese believe to be good Feng Shui.

A good majority of the developments in Paya Terubong are dedicated to the middle working class group, and the homes here are rather more on the affordable side. There are however a small number of landed homes being developed here that is dedicated to the upmarket. The neighbourhood is on the smaller and quieter side, hence residents need to drive to neighbouring towns for a supermarket and schools.

Paya Terubong is only served by the main road of Jalan Paya Terubong which comprises of only two lanes in most of the sections. There is limited access to the district, and even those are through the hills and other townships. Traffic in Paya Terubong is hence always rather congested during peak hours.

Public transportation is available in this township, in form of public busses from the local service provider Rapid Penang. Busses number 201, 202, 203, 301 and 306 traverses through the town.

Being an ‘out-of-the-way’ town, Paya Terubong is situated approximately half an hour away from Georgetown. The Penang Bridge is however slightly nearer at 20 minutes away, and the Penang International Airport at approximately the same distance.

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

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