| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 11
|
RM 50,000
|
RM 129
|
388 sqft
|
|
|
|
Level 4
|
RM 50,000
|
RM 129
|
388 sqft
|
|
|
|
Level 10
|
RM 45,000
|
RM 116
|
388 sqft
|
|
|
Level 2
|
RM 150,000
|
RM 273
|
549 sqft
|
|
|
|
Level 12
|
RM 115,000
|
RM 209
|
549 sqft
|
|
|
|
Level 9
|
RM 90,000
|
RM 164
|
549 sqft
|
|
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Market Snapshot
ResidentialRM 70,000
RM 146 psfMedian transaction price
13, Jalan Kampung Melayu, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsFlat Kampong Melayu in Timur Laut, Penang recorded 6 subsale transactions between 2021 and 2026, with a median price of RM 70K and a median price per square foot (PSF) of RM 146.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 70K, with most transactions falling within a stable range of RM 45K to RM 109K, and a typical market range of RM 62K to RM 79K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 146, though individual units vary from RM 91 to RM 202 in the core range. The broader market spans RM 124.37 to RM 168.62, indicating diverse property characteristics. A wider spread (IQR: RM 44.25) and deviation (MAD: RM 55) 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.