KAWASAN JALAN SUNGAI PINANG

KAWASAN JALAN SUNGAI PINANG in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 3.60 million and a median price per square foot (PSF) of RM 696.

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 RM 3.60 million, with most transactions falling within a stable range of RM 3.00 million to RM 4.44 million, and a typical market range of RM 3.00 million to RM 4.49 million.

Most transactions involved terraced factory/warehouse, with high diversity across multiple property types.

For price per square foot, the median is RM 696, with most transactions between RM 672 and RM 720. The usual range is RM 559.00 to RM 833.00, showing that most units are priced quite close to each other. With an IQR of RM 274.00 and MAD of RM 24, 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.