JLN MOUNT ERSKINE

JLN MOUNT ERSKINE in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 30K and a median price per square foot (PSF) of RM 12.

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 30K, with most transactions falling within a stable range of RM 25K to RM 36K, and a typical market range of RM 25K to RM 40K.

Most transactions involved detached, though some variety exists in the market.

Price per square foot shows a median of RM 12, though individual units vary from RM 1 to RM 23 in the core range. The broader market spans RM 3.63 to RM 20.38, indicating diverse property characteristics. A wider spread (IQR: RM 16.75) and deviation (MAD: RM 11) 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.