MENARA PERDANA

MENARA PERDANA in Timur Laut, Penang recorded 8 subsale transactions in 2023, with a median price of RM 1.01 million and a median price per square foot (PSF) of RM 653.

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 1.01 million, with most transactions falling within a stable range of RM 791K to RM 1.23 million, and a typical market range of RM 866K to RM 1.15 million.

Most transactions involved industrial unit, with minimal variety in property types.

The median PSF stands at RM 653, with core pricing between RM 583 and RM 723. Market pricing typically extends from RM 602.50 to RM 703.50, reflecting moderate variation in unit pricing. With an IQR of RM 101.00 and MAD of RM 70, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.