FLAT KAMPONG MELAYU in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 37K and a median price per square foot (PSF) of RM 96.
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 37K, with most transactions falling within a stable range of RM 29K to RM 45K, and a typical market range of RM 28K to RM 45K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 96, though individual units vary from RM 75 to RM 117 in the core range. The broader market spans RM 73.50 to RM 117.50, indicating diverse property characteristics. The spread of RM 44.00 (IQR) and deviation of RM 21 (MAD) suggest moderate price variations reflecting different property features.
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.
