HEXAGON TECH PARK

HEXAGON TECH PARK in Timur Laut, Penang recorded 4 subsale transactions in 2024, with a median price of RM 365K and a median price per square foot (PSF) of RM 423.

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 365K, with most transactions falling within a stable range of RM 320K to RM 437K, and a typical market range of RM 330K to RM 400K.

Most transactions involved industrial unit, with minimal variety in property types.

The median PSF stands at RM 423, with core pricing between RM 348 and RM 497. Market pricing typically extends from RM 388.25 to RM 456.75, reflecting moderate variation in unit pricing. The spread of RM 68.50 (IQR) and deviation of RM 74 (MAD) suggest moderate price variations reflecting different property features.

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.