NORTHAM CITY (MENARA BHL)

NORTHAM CITY (MENARA BHL) in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 645K and a median price per square foot (PSF) of RM 435.

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 645K, with most transactions falling within a stable range of RM 530K to RM 760K, and a typical market range of RM 530K to RM 760K.

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

The median PSF stands at RM 435, with core pricing between RM 362 and RM 508. Market pricing typically extends from RM 425.50 to RM 444.50, reflecting moderate variation in unit pricing. The spread of RM 19.00 (IQR) and deviation of RM 73 (MAD) suggest moderate price variations reflecting different property features.

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.