CLOUD 9

CLOUD 9 in Timur Laut, Penang recorded 5 subsale transactions in 2023, with a median price of RM 800K and a median price per square foot (PSF) of RM 695.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 800K, with most transactions falling within a stable range of RM 651K to RM 949K, and a typical market range of RM 690K to RM 910K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

Price per square foot shows a median of RM 695, though individual units vary from RM 444 to RM 946 in the core range. The broader market spans RM 576.00 to RM 814.00, indicating diverse property characteristics. A wider spread (IQR: RM 238.00) and deviation (MAD: RM 251) indicate significant PSF variations, likely due to diverse property types or conditions.

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.