FLAT KAMPONG MELAYU

FLAT KAMPONG MELAYU in Timur Laut, Penang recorded 21 Low-Cost Flat properties subsale transactions between 2021 and 2025 for low-cost flat properties, with a median price of RM 42K and a median price per square foot (PSF) of RM 111.

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 42K, with most transactions falling within a stable range of RM 30K to RM 62K, and a typical market range of RM 34K to RM 51K.

Within the Low-Cost Flat category, low-cost flat dominated the market, with minimal variety in property types.

Price per square foot shows a median of RM 111, though individual units vary from RM 70 to RM 152 in the core range. The broader market spans RM 89.00 to RM 133.00, indicating diverse property characteristics. A wider spread (IQR: RM 44.00) and deviation (MAD: RM 41) 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. Moderate transaction volume may require patience when buying or selling.