|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2021 | |||||
|
Level 4
|
RM 40,000
|
RM 106
|
377 sqft
|
|
LC Flat |
|
Level 11
|
RM 100,000
|
RM 265
|
377 sqft
|
|
LC Flat |
|
Level 5
|
RM 40,000
|
RM 106
|
377 sqft
|
|
LC Flat |
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Market Snapshot
ResidentialRM 40,000
RM 106 psfMedian transaction price
13, Jalan Kampung Melayu, 11500 Ayer Itam, Pulau Pinang, Malaysia
MapsFlat Kampong Melayu in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 40K and a median price per square foot (PSF) of RM 106.
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 40K, with most transactions falling within a stable range of RM 40K to RM 68K, and a typical market range of RM 40K to RM 49K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 106, though individual units vary from RM 31 to RM 181 in the core range. The broader market spans RM 84.05 to RM 128.30, indicating diverse property characteristics. A wider spread (IQR: RM 44.25) and deviation (MAD: RM 75) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.