JALAN JELUTONG

JALAN JELUTONG in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 2.24 million and a median price per square foot (PSF) of RM 1,359.

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 2.24 million, with most transactions falling within a stable range of RM 1.80 million to RM 2.68 million, and a typical market range of RM 2.08 million to RM 2.40 million.

Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM 1,359, with most transactions between RM 1,302 and RM 1,415. The usual range is RM 1,201.63 to RM 1,515.38, showing that most units are priced quite close to each other. With an IQR of RM 313.75 and MAD of RM 57, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.