| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 6
|
RM 120,000
|
RM 348
|
344 sqft
|
|
|
|
Level 5
|
RM 115,000
|
RM 334
|
344 sqft
|
|
|
|
Level 6
|
RM 115,000
|
RM 324
|
355 sqft
|
|
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Market Snapshot
CommercialRM 115,000
RM 334 psfMedian transaction price
Farlim, Farlim, 11500 Air Itam, Penang, Malaysia
MapsFarlim in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 115K and a median price per square foot (PSF) of RM 334.
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 115K, with most transactions falling within a stable range of RM 115K to RM 117K, and a typical market range of RM 115K to RM 120K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
For price per square foot, the median is RM 334, with most transactions between RM 324 and RM 344. The usual range is RM 312.62 to RM 355.12, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 42.50 and an average deviation (MAD) of RM 10 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.