SRI RELAU COMPLEX

SRI RELAU COMPLEX in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 235K and a median price per square foot (PSF) of RM 257.

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 235K, with most transactions falling within a stable range of RM 206K to RM 264K, and a typical market range of RM 206K to RM 265K.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

For price per square foot, the median is RM 257, with most transactions between RM 237 and RM 278. The usual range is RM 236.50 to RM 277.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 41.00 and an average deviation (MAD) of RM 21 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.