KAWASAN LEBUH BEACH

KAWASAN LEBUH BEACH in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 1.80 million and a median price per square foot (PSF) of RM 1,267.

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

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 4 - 4 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM 1,267, with most transactions between RM 1,267 and RM 1,267. The usual range is RM 1,177.50 to RM 1,356.50, showing that most units are priced quite close to each other. With an IQR of RM 179.00 and MAD of RM 0, 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.