KAWASAN JALAN BATU LANCHANG

KAWASAN JALAN BATU LANCHANG in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 885K and a median price per square foot (PSF) of RM 512.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 885K, with most transactions falling within a stable range of RM 820K to RM 951K, and a typical market range of RM 838K to RM 933K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 512, with most transactions between RM 498 and RM 526. The usual range is RM 460.50 to RM 563.50, showing that most units are priced quite close to each other. With an IQR of RM 103.00 and MAD of RM 14, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.