E-GATE

E-GATE in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 475K and a median price per square foot (PSF) of RM 711.

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 475K, with most transactions falling within a stable range of RM 250K to RM 700K, and a typical market range of RM 363K to RM 588K.

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

For price per square foot, the median is RM 711, with most transactions between RM 683 and RM 739. The usual range is RM 677.75 to RM 744.25, showing that most units are priced quite close to each other. With an IQR of RM 66.50 and MAD of RM 28, the PSF demonstrates reasonable consistency across the market.

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.