FLAT KAMPONG MELAYU

FLAT KAMPONG MELAYU in Timur Laut, Penang recorded 6 subsale transactions in 2023, with a median price of RM 53K and a median price per square foot (PSF) of RM 135.

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 53K, with most transactions falling within a stable range of RM 43K to RM 58K, and a typical market range of RM 45K to RM 58K.

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

The median PSF stands at RM 135, with core pricing between RM 110 and RM 159. Market pricing typically extends from RM 112.50 to RM 156.50, reflecting moderate variation in unit pricing. The spread of RM 44.00 (IQR) and deviation of RM 24 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.