THE CEO/ CEO AVENUE

THE CEO/ CEO AVENUE in Timur Laut, Penang recorded 7 subsale transactions in 2022, with a median price of RM 290K and a median price per square foot (PSF) of RM 785.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 290K, with most transactions falling within a stable range of RM 268K to RM 290K, and a typical market range of RM 240K to RM 290K.

Most transactions involved office lot, with minimal variety in property types.

The median PSF stands at RM 785, with core pricing between RM 629 and RM 941. Market pricing typically extends from RM 706.00 to RM 864.00, reflecting moderate variation in unit pricing. The spread of RM 158.00 (IQR) and deviation of RM 156 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.