Menara BHL
51-23, Jln Sultan Ahmad Shah, 10050 George Town, Pulau Pinang, Malaysia
51-23, Jln Sultan Ahmad Shah, 10050 George Town, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 3
|
RM 280,000
|
RM 292
|
958 sqft
|
|
Office |
| 2023 | |||||
|
Level 1
|
RM 850,000
|
RM 908
|
936 sqft
|
|
Shop |
| 2021 | |||||
|
Level 1
|
RM 930,000
|
RM 993
|
936 sqft
|
|
Shop |
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Market Snapshot
CommercialRM 850,000
RM 908 psfMedian transaction price
Menara BHL, 51-23, Jln Sultan Ahmad Shah, 10050 George Town, Pulau Pinang, Malaysia
MapsMenara BHL in Barat Daya, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 925 and 974 sqft, with a median price of RM 850K and a median price per square foot (PSF) of RM 908.
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 850K, with most transactions falling within a stable range of RM 561K to RM 930K, and a typical market range of RM 640K to RM 930K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
Price per square foot shows a median of RM 908, though individual units vary from RM 595 to RM 1,220 in the core range. The broader market spans RM 758.05 to RM 1,057.30, indicating diverse property characteristics. A wider spread (IQR: RM 299.25) and deviation (MAD: RM 312) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.