KAWASAN CHOR SIN KHENG

KAWASAN CHOR SIN KHENG in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 690K and a median price per square foot (PSF) of RM 439.

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 690K, with most transactions falling within a stable range of RM 650K to RM 940K, and a typical market range of RM 650K to RM 794K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 439, with most transactions between RM 412 and RM 466. The usual range is RM 419.50 to RM 458.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 39.00 and an average deviation (MAD) of RM 27 indicate a highly stable PSF trend across properties.

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.