Jalan P. Ramlee in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM1.12 million and a median price per square foot (PSF) of RM371.

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 RM1.12 million, with most transactions falling within a stable range of RM1.00 million to RM1.24 million, and a typical market range of RM1.00 million to RM1.24 million.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM371, though individual units vary from RM264 to RM479 in the core range. The broader market spans RM231.97 to RM510.97, indicating diverse property characteristics. A wider spread (IQR: RM279.00) and deviation (MAD: RM108) 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.