FLAT RIFLE RANGE in Timur Laut, Penang recorded 36 subsale transactions in 2024, with a median price of RM 75K and a median price per square foot (PSF) of RM 193.
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 75K, with most transactions falling within a stable range of RM 62K to RM 88K, and a typical market range of RM 68K to RM 83K.
Most transactions involved low-cost flat, with minimal variety in property types.
The median PSF stands at RM 193, with core pricing between RM 162 and RM 223. Market pricing typically extends from RM 176.88 to RM 208.13, reflecting moderate variation in unit pricing. The spread of RM 31.25 (IQR) and deviation of RM 30 (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. Moderate transaction volume may require patience when buying or selling.
