Area Intelligence

METRO AVENUE

11 properties
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Median Price
RM 666,000
PSF: RM 598

Commercial Market

Median Price

RM 666,000

IQR: RM 235
MAD: RM 122
RM 598 PSF

PSF Trends (2021-2025)

METRO AVENUE in Timur Laut, Penang recorded 11 subsale transactions between 2021 and 2025, with a median price of RM 666K and a median price per square foot (PSF) of RM 598.

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 666K, with most transactions falling within a stable range of RM 565K to RM 767K, and a typical market range of RM 576K to RM 756K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

Price per square foot shows a median of RM 598, though individual units vary from RM 476 to RM 720 in the core range. The broader market spans RM 480.75 to RM 715.25, indicating diverse property characteristics. The spread of RM 234.50 (IQR) and deviation of RM 122 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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METRO AVENUE, Timur Laut, Penang

OSM

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Transactions

11 properties grouped by size

650 sqft
2 units Shop/Retail Lot
RM 734,000
635 sqft · RM 1,156.00 PSF
Jan 2023
RM 767,000
667 sqft · RM 1,149.00 PSF
Jan 2023
850 sqft
4 units Shop/Retail Lot
RM 552,000
840 sqft · RM 657.00 PSF
Jan 2023
RM 502,000
840 sqft · RM 598.00 PSF
Jan 2023
RM 676,000
840 sqft · RM 805.00 PSF
Jan 2023
RM 434,000
840 sqft · RM 517.00 PSF
Jan 2023
1,200 sqft
4 units Shop/Retail Lot
RM 733,000
1,184 sqft · RM 619.00 PSF
Jan 2023
RM 666,000
1,184 sqft · RM 562.00 PSF
Jan 2023
RM 556,000
1,184 sqft · RM 470.00 PSF
Jan 2023
RM 579,000
1,216 sqft · RM 476.00 PSF
Jan 2023
2,700 sqft
1 units Shop/Retail Lot
RM 1,100,000
2,680 sqft · RM 410.00 PSF
Dec 2023