FLAT RIFLE RANGE in Timur Laut, Penang recorded 9 subsale transactions in 2021, with a median price of RM 55K and a median price per square foot (PSF) of RM 173.
This area contains both residential and commercial properties. View 138 residential properties or 4 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 55K, with most transactions falling within a stable range of RM 48K to RM 63K, and a typical market range of RM 48K to RM 63K.
Most transactions involved low-cost flat, with minimal variety in property types.
For price per square foot, the median is RM 173, with most transactions between RM 157 and RM 189. The usual range is RM 157.38 to RM 188.63, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 31.25 and an average deviation (MAD) of RM 16 indicate a highly stable PSF trend across properties.
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.
