Jalan Perak in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM340K and a median price per square foot (PSF) of RM338.

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 RM340K, with most transactions falling within a stable range of RM330K to RM350K, and a typical market range of RM330K to RM350K.

Most transactions involved cluster house, with high diversity across multiple property types.

For price per square foot, the median is RM338, with most transactions between RM335 and RM341. The usual range is RM262.06 to RM413.81, showing that most units are priced quite close to each other. With an IQR of RM151.75 and MAD of RM3, the PSF demonstrates reasonable consistency across the market.

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.