Mbf Tower in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM580K and a median price per square foot (PSF) of RM534.

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 RM580K, with most transactions falling within a stable range of RM400K to RM760K, and a typical market range of RM490K to RM670K.

Most transactions involved condominium/apartment, with minimal variety in property types.

Price per square foot shows a median of RM534, though individual units vary from RM361 to RM706 in the core range. The broader market spans RM447.26 to RM619.76, indicating diverse property characteristics. A wider spread (IQR: RM172.50) and deviation (MAD: RM173) indicate significant PSF variations, likely due to diverse property types or conditions.

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.