MBF TOWER

MBF TOWER in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 580K and a median price per square foot (PSF) of RM 534.

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 580K, with most transactions falling within a stable range of RM 400K to RM 760K, and a typical market range of RM 490K to RM 670K.

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

Price per square foot shows a median of RM 534, though individual units vary from RM 361 to RM 706 in the core range. The broader market spans RM 447.25 to RM 619.75, indicating diverse property characteristics. A wider spread (IQR: RM 172.50) and deviation (MAD: RM 173) 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.