BAZAAR TANJUNG/PRIMA TANJUNG

BAZAAR TANJUNG/PRIMA TANJUNG in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 258K and a median price per square foot (PSF) of RM 347.

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 258K, with most transactions falling within a stable range of RM 230K to RM 285K, and a typical market range of RM 225K to RM 300K.

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

The median PSF stands at RM 347, with core pricing between RM 310 and RM 384. Market pricing typically extends from RM 245.50 to RM 448.50, reflecting moderate variation in unit pricing. With an IQR of RM 203.00 and MAD of RM 37, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.