Kampung Melayu in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM498K and a median price per square foot (PSF) of RM429.

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 RM498K, with most transactions falling within a stable range of RM360K to RM635K, and a typical market range of RM429K to RM566K.

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

For price per square foot, the median is RM429, with most transactions between RM415 and RM442. The usual range is RM412.38 to RM444.88, showing that most units are priced quite close to each other. A typical spread (IQR) of RM32.50 and an average deviation (MAD) of RM14 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.