Jalan Kelawai in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM2.09 million and a median price per square foot (PSF) of RM1,047.

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 RM2.09 million, with most transactions falling within a stable range of RM997K to RM3.18 million, and a typical market range of RM1.75 million to RM2.43 million.

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

Price per square foot shows a median of RM1,047, though individual units vary from RM548 to RM1,547 in the core range. The broader market spans RM951.92 to RM1,142.92, indicating diverse property characteristics. A wider spread (IQR: RM191.00) and deviation (MAD: RM499) 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.