Area Intelligence

JLN KELAWAI

2 properties
2023
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Median Price
RM 6,550,000
PSF: RM 1,098

Residential Market

Median Price

RM 6,550,000

IQR: RM 191
MAD: RM 145
RM 1,098 PSF 10.6%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

JLN KELAWAI in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 6.55 million and a median price per square foot (PSF) of RM 1,098.

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 RM 6.55 million, with most transactions falling within a stable range of RM 2.50 million to RM 10.60 million, and a typical market range of RM 6.21 million to RM 6.89 million.

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

For price per square foot, the median is RM 1,098, with most transactions between RM 1,002 and RM 1,193. The usual range is RM 1,002.00 to RM 1,193.00, showing that most units are priced quite close to each other. With an IQR of RM 191.00 and MAD of RM 96, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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JLN KELAWAI, Timur Laut, Penang

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Transactions

2 properties found

Detached JALAN KELAWEI
RM 10,600,000
8,889 sqft Oct 2023
RM 1,193.00 PSF
Double Storey Terraced JALAN MOULMEIN
RM 2,500,000
2,495 sqft Mar 2023
RM 1,002.00 PSF