JLN SUNGEI KELIAN

JLN SUNGEI KELIAN in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 950K and a median price per square foot (PSF) of RM 368.

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 950K, with most transactions falling within a stable range of RM 700K to RM 1.20 million, and a typical market range of RM 755K to RM 1.15 million.

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 368, with most transactions between RM 347 and RM 388. The usual range is RM 340.50 to RM 394.50, showing that most units are priced quite close to each other. With an IQR of RM 54.00 and MAD of RM 21, the PSF demonstrates reasonable consistency across the market.

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.