Area Intelligence

KAWASAN JALAN JELUTONG

3 properties
Double Storey Shop
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Median Price
RM 1,760,000
PSF: RM 1,136

Commercial Market

Median Price

RM 1,760,000

IQR: RM 753
MAD: RM 425
RM 1,136 PSF 31.6%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

KAWASAN JALAN JELUTONG in Timur Laut, Penang recorded 3 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 1.76 million and a median price per square foot (PSF) of RM 1,136.

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 1.76 million, with most transactions falling within a stable range of RM 1.21 million to RM 2.31 million, and a typical market range of RM 1.26 million to RM 2.26 million.

Within the Double Storey Shop category, 2 - 2 1/2 storey shop dominated the market, though some variety exists in the market.

Price per square foot shows a median of RM 1,136, though individual units vary from RM 731 to RM 1,541 in the core range. The broader market spans RM 759.75 to RM 1,512.25, indicating diverse property characteristics. A wider spread (IQR: RM 752.50) and deviation (MAD: RM 405) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

Area Location

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KAWASAN JALAN JELUTONG, Timur Laut, Penang

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Transactions

3 properties grouped by size

1,000 sqft
1 units Double Storey Shop
RM 1,150,000
JALAN PENAGA
1,012 sqft · RM 1,136.00 PSF
Sep 2024
1,150 sqft
1 units Double Storey Shop
RM 1,760,000
JALAN JELUTONG
1,148 sqft · RM 1,533.00 PSF
Jul 2023
4,550 sqft
1 units Double Storey Shop
RM 2,500,000
LENGKOK DUMBAR
4,564 sqft · RM 548.00 PSF
Jun 2023