BANDAR TANJONG PINANG in Timur Laut, Penang recorded 22 subsale transactions in 2023, with a median price of RM 3.40 million and a median price per square foot (PSF) of RM 954.
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 3.40 million, with most transactions falling within a stable range of RM 3.36 million to RM 1.95 million, and a typical market range of RM 2.56 million to RM 1.95 million.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
For price per square foot, the median is RM 954, with most transactions between RM 931 and RM 977. The usual range is RM 819.00 to RM 1,088.00, showing that most units are priced quite close to each other. With an IQR of RM 269.00 and MAD of RM 23, the PSF demonstrates reasonable consistency across the market.
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.
