BANDAR TANJONG PINANG

BANDAR TANJONG PINANG in Timur Laut, Penang recorded 24 subsale transactions in 2022, with a median price of RM 2.90 million and a median price per square foot (PSF) of RM 987.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.90 million, with most transactions falling within a stable range of RM 2.02 million to RM 4.91 million, and a typical market range of RM 2.06 million to RM 3.74 million.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 987, though individual units vary from RM 714 to RM 1,259 in the core range. The broader market spans RM 852.00 to RM 1,121.00, indicating diverse property characteristics. A wider spread (IQR: RM 269.00) and deviation (MAD: RM 273) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.