NORTHAM CITY (MENARA BHL)

NORTHAM CITY (MENARA BHL) in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 800K and a median price per square foot (PSF) of RM 364.

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 800K, with most transactions falling within a stable range of RM 420K to RM 2.69 million, and a typical market range of RM 665K to RM 935K.

Most transactions involved office lot, with minimal variety in property types.

For price per square foot, the median is RM 364, with most transactions between RM 353 and RM 375. The usual range is RM 354.50 to RM 373.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 19.00 and an average deviation (MAD) of RM 11 indicate a highly stable PSF trend across properties.

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.