Jalan Kelawai in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM6.55 million and a median price per square foot (PSF) of RM1,031.

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 RM6.55 million, with most transactions falling within a stable range of RM2.50 million to RM10.60 million, and a typical market range of RM6.21 million to RM6.89 million.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

The median PSF stands at RM1,031, with core pricing between RM870 and RM1,193. Market pricing typically extends from RM935.70 to RM1,126.70, reflecting moderate variation in unit pricing. The spread of RM191.00 (IQR) and deviation of RM161 (MAD) suggest moderate price variations reflecting different property features.

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.