Kawasan Jalan Perak in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM1.88 million and a median price per square foot (PSF) of RM885.

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 RM1.88 million, with most transactions falling within a stable range of RM1.15 million to RM2.60 million, and a typical market range of RM1.51 million to RM2.24 million.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

Price per square foot shows a median of RM885, though individual units vary from RM624 to RM1,145 in the core range. The broader market spans RM754.25 to RM1,014.75, indicating diverse property characteristics. A wider spread (IQR: RM260.50) and deviation (MAD: RM261) 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.