FLAT RIFLE RANGE

Area Intelligence
2021
Median Price
RM 55,000
PSF: RM 173

Residential PSF Trends

Median Price

RM 59,500

PSF: RM 158

Commercial PSF Trends

Median Price

RM 55,000

RM 301 PSF

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 50K to RM 69K, and a typical market range of RM 50K to RM 63K.

Most transactions involved low-cost flat, with minimal variety in property types.

Price per square foot shows a median of RM 173, though individual units vary from RM 121 to RM 225 in the core range. The broader market spans RM 157.38 to RM 188.63, indicating diverse property characteristics. A wider spread (IQR: RM 31.25) and deviation (MAD: RM 52) 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. Limited transaction history suggests carefully evaluating comparable sales data.

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FLAT RIFLE RANGE, Timur Laut, Penang

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Transactions

9 transactions grouped by size

200 sqft
Shop/Retail Lot
RM 55,000
Level G
183 sqft · RM 301 PSF
400 sqft
Low-Cost Flat
RM 66,000
Level 1
377 sqft · RM 175 PSF
RM 65,000
Level 7
377 sqft · RM 173 PSF
RM 65,000
Level 9
377 sqft · RM 173 PSF
RM 54,000
Level 8
377 sqft · RM 143 PSF
RM 50,000
Level 15
377 sqft · RM 133 PSF
RM 50,000
Level 10
377 sqft · RM 133 PSF
RM 50,000
Level 14
377 sqft · RM 133 PSF
450 sqft
Low-Cost Flat
RM 96,000
Level 6
441 sqft · RM 218 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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