BANDAR TANJONG PINANG

BANDAR TANJONG PINANG in Timur Laut, Penang recorded 11 subsale transactions in 2022, with a median price of RM 3.50 million and a median price per square foot (PSF) of RM 900.

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 3.50 million, with most transactions falling within a stable range of RM 3.03 million to RM 3.97 million, and a typical market range of RM 2.70 million to RM 4.34 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 900, though individual units vary from RM 605 to RM 1,195 in the core range. The broader market spans RM 765.50 to RM 1,034.50, indicating diverse property characteristics. A wider spread (IQR: RM 269.00) and deviation (MAD: RM 295) 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.