Kawasan Jalan Penang

Jln Penang, George Town, 10450 George Town, Pulau Pinang, Malaysia

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Selling in Kawasan Jalan Penang? Homes here sold for a median of RM4,800,000.

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Jln Penang, George Town, 10450 George Town, Pulau Pinang, Malaysia

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Kawasan Jalan Penang in Timur Laut, Penang recorded 0 subsale transactions in 2024, with a median price of RM4.80 million and a median price per square foot (PSF) of RM1,265.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM4.80 million, with most transactions falling within a stable range of RM3.60 million to RM6.00 million, and a typical market range of RM3.58 million to RM6.03 million.

Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.

The median PSF stands at RM1,265, with core pricing between RM1,055 and RM1,475. Market pricing typically extends from RM1,157.50 to RM1,372.50, reflecting moderate variation in unit pricing. The spread of RM215.00 (IQR) and deviation of RM210 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.