Penang
Timur Laut
13
FLAT KAMPONG MELAYU

FLAT KAMPONG MELAYU

Area Intelligence

2022

Median Price

RM 36,500

PSF: RM 96

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Residential PSF Trends

Median Price

RM 36,500

PSF: RM 96

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 30K to RM 58K, and a typical market range of RM 30K 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 63 to RM 128 in the core range. The broader market spans RM 73.50 to RM 117.50, indicating diverse property characteristics. A wider spread (IQR: RM 44.00) and deviation (MAD: RM 32) 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.

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FLAT KAMPONG MELAYU, Timur Laut, Penang

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Transactions

8 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

400 sqft

Low-Cost Flat

400 sqft

Low-Cost Flat

RM 40,000

Level 10

388 sqft · RM 103 PSF

Dec 2022

RM 30,000

Level 10

377 sqft · RM 80 PSF

Nov 2022

RM 38,000

Level 13

388 sqft · RM 98 PSF

Oct 2022

RM 55,000

Level 11

377 sqft · RM 146 PSF

Aug 2022

RM 35,000

Level 5

377 sqft · RM 93 PSF

Jul 2022

RM 35,000

Level 2

388 sqft · RM 90 PSF

Apr 2022

RM 35,000

Level 6

388 sqft · RM 90 PSF

Apr 2022

Level 10	RM 40,000	RM 103	388 sqft	Dec 2022
Level 10	RM 30,000	RM 80	377 sqft	Nov 2022
Level 13	RM 38,000	RM 98	388 sqft	Oct 2022
Level 11	RM 55,000	RM 146	377 sqft	Aug 2022
Level 5	RM 35,000	RM 93	377 sqft	Jul 2022
Level 2	RM 35,000	RM 90	388 sqft	Apr 2022
Level 6	RM 35,000	RM 90	388 sqft	Apr 2022