FLAT RIFLE RANGE in Timur Laut, Penang recorded 45 subsale transactions in 2022, with a median price of RM 70K and a median price per square foot (PSF) of RM 181.
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 70K, with most transactions falling within a stable range of RM 46K to RM 99K, and a typical market range of RM 63K to RM 78K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 181, though individual units vary from RM 100 to RM 262 in the core range. The broader market spans RM 165.38 to RM 196.63, indicating diverse property characteristics. A wider spread (IQR: RM 31.25) and deviation (MAD: RM 81) 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.
