JLN KELAWAI

JLN KELAWAI in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 2.09 million and a median price per square foot (PSF) of RM 954.

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 2.09 million, with most transactions falling within a stable range of RM 997K to RM 3.18 million, and a typical market range of RM 1.75 million to RM 2.43 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 RM 954, though individual units vary from RM 760 to RM 1,147 in the core range. The broader market spans RM 858.00 to RM 1,049.00, indicating diverse property characteristics. The spread of RM 191.00 (IQR) and deviation of RM 194 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.