BAZAAR TANJUNG/PRIMA TANJUNG

BAZAAR TANJUNG/PRIMA TANJUNG in Timur Laut, Penang recorded 6 subsale transactions in 2022, with a median price of RM 243K and a median price per square foot (PSF) of RM 373.

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 243K, with most transactions falling within a stable range of RM 204K to RM 270K, and a typical market range of RM 170K to RM 270K.

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

Price per square foot shows a median of RM 373, though individual units vary from RM 210 to RM 535 in the core range. The broader market spans RM 271.00 to RM 474.00, indicating diverse property characteristics. A wider spread (IQR: RM 203.00) and deviation (MAD: RM 163) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.