FLAT KAMPONG MELAYU

FLAT KAMPONG MELAYU in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 37K and a median price per square foot (PSF) of RM 96.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 37K, with most transactions falling within a stable range of RM 30K to RM 58K, and a typical market range of RM 30K to RM 45K.

Most transactions involved low-cost flat, with minimal variety in property types.

Price per square foot shows a median of RM 96, though individual units vary from RM 63 to RM 128 in the core range. The broader market spans RM 73.50 to RM 117.50, indicating diverse property characteristics. A wider spread (IQR: RM 44.00) and deviation (MAD: RM 32) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.