Medan Lumba Kuda
Timur Laut, Penang · High-rise (condo, apartment, flat) · Freehold
Homes in Medan Lumba Kuda have sold for a median of
RM450,000
RM565 psf on the recorded floor area
Half of the 21 recorded sales fell between RM410,000 and RM465,000. One in ten went under RM393,000, one in ten over RM528,000. Sales run from 9 December 2021 to 19 January 2026.
Up 8% from a RM435,000 median in 2023 to RM470,000 in 2025.
On mudah.my right now — 22 ads naming Medan Lumba Kuda
Sellers are asking a median of
RM458 psf
That is -19% below the RM565 psf buyers actually paid here across all recorded sales. Same scheme, same kind of home, same floor-area basis.
Ads asking between RM365,000 and RM425,000 make up the middle half. An ad may still describe a renovated, larger or worse unit than the sales it is compared to, and mudah.my skews to owner and urgent sales — a figure a few percent under the record is common there.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What high-rise (condo, apartment, flat) sell for across Penang, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as high-rise (condo, apartment, flat) under a Freehold title. High-rise parcels are usually strata: you own the parcel plus a share of the common parts, and price per square foot is how buyers compare units of different sizes. Monthly charges and the sinking fund sit on top of the purchase price — see maintenance fee and sinking fund.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM421,500 | RM529 psf | 2 |
| 2022 | RM1,200,000 | RM707 psf | 1 |
| 2023 | RM435,000 | RM546 psf | 7 |
| 2024 | RM450,000 | RM565 psf | 5 |
| 2025 | RM470,000 | RM590 psf | 5 |
| 2026 | RM350,000 | RM439 psf | 1 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other high-rise (condo, apartment, flat) schemes in Timur Laut with enough recorded sales, cheapest first. By median sold price, Medan Lumba Kuda sits 94 of 154 in that set.
87 cheaper schemes above
54 dearer schemes below
Against Penang
Across Penang, the median recorded sale for high-rise (condo, apartment, flat) is RM300,000 (RM391 psf), from 5,184 sales. Medan Lumba Kuda’s own median is RM450,000 — higher than that state median. Full Penang table.
Cash and monthly on the RM450,000 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM45,000
- Transfer duty (MOT): RM8,000
- Loan duty (0.5%): RM2,025
- Total cash: RM55,025
- Qualifying first home: RM45,000 (duties exempt)
Monthly carry
- Instalment (35y @ 4.00%): RM1,793
- Total monthly: RM1,793
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Medan Lumba Kuda sold for?
- A median of RM450,000 (RM565 psf), from 21 land-office transactions between 9 December 2021 and 19 January 2026.
- What is a typical band here?
- Half of recorded sales fell between RM410,000 and RM465,000. One in ten went under RM393,000; one in ten over RM528,000.
- Has the median moved?
- From RM435,000 in 2023 to RM470,000 in 2025 (+8%), using only years with five or more sales.
- How do live ads compare?
- Ads naming Medan Lumba Kuda ask a median of RM458 psf — -19% versus the RM565 psf buyers paid here. Same scheme match; not a mark-up on every listing.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.