BANDAR TANJONG PINANG

BANDAR TANJONG PINANG in Timur Laut, Penang recorded 14 subsale transactions in 2022, with a median price of RM 1.95 million and a median price per square foot (PSF) of RM 1,015.

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 1.95 million, with most transactions falling within a stable range of RM 1.85 million to RM 2.74 million, and a typical market range of RM 1.85 million to RM 2.79 million.

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

The median PSF stands at RM 1,015, with core pricing between RM 840 and RM 1,190. Market pricing typically extends from RM 880.50 to RM 1,149.50, reflecting moderate variation in unit pricing. The spread of RM 269.00 (IQR) and deviation of RM 175 (MAD) suggest moderate price variations reflecting different property features.

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. Limited transaction history suggests carefully evaluating comparable sales data.