KAWASAN JALAN PERAK

KAWASAN JALAN PERAK in Timur Laut, Penang recorded 2 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 1.88 million and a median price per square foot (PSF) of RM 885.

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 1.88 million, with most transactions falling within a stable range of RM 1.15 million to RM 2.60 million, and a typical market range of RM 1.51 million to RM 2.24 million.

Within the Double Storey Shop category, 2 - 2 1/2 storey shop dominated the market, with minimal variety in property types.

Price per square foot shows a median of RM 885, though individual units vary from RM 624 to RM 1,145 in the core range. The broader market spans RM 754.25 to RM 1,014.75, indicating diverse property characteristics. A wider spread (IQR: RM 260.50) and deviation (MAD: RM 261) 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.