Jalan Tanjong Tokong in Timur Laut, Penang recorded 0 subsale transactions in 2023, with a median price of RM7.50 million and a median price per square foot (PSF) of RM1,316.

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 RM7.50 million, with most transactions falling within a stable range of RM1.85 million to RM13.15 million, and a typical market range of RM4.67 million to RM10.33 million.

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

For price per square foot, the median is RM1,316, with most transactions between RM1,315 and RM1,316. The usual range is RM1,315.25 to RM1,315.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM0.50 and an average deviation (MAD) of RM1 indicate a highly stable PSF trend across properties.

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.