Penang
Timur Laut
13
THE CEO/ CEO AVENUE

THE CEO/ CEO AVENUE

Area Intelligence

2023

Median Price

RM 220,000

PSF: RM 786

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Commercial PSF Trends

Median Price

RM 220,000

RM 786 PSF

THE CEO/ CEO AVENUE in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 220K and a median price per square foot (PSF) of RM 786.

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 220K, with most transactions falling within a stable range of RM 210K to RM 288K, and a typical market range of RM 210K to RM 280K.

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

For price per square foot, the median is RM 786, with most transactions between RM 766 and RM 806. The usual range is RM 707.00 to RM 865.00, showing that most units are priced quite close to each other. With an IQR of RM 158.00 and MAD of RM 20, the PSF demonstrates reasonable consistency across the market.

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.

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THE CEO/ CEO AVENUE, Timur Laut, Penang

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