BANDAR TANJONG PINANG

BANDAR TANJONG PINANG in Timur Laut, Penang recorded 11 subsale transactions in 2023, with a median price of RM 3.30 million and a median price per square foot (PSF) of RM 899.

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 3.30 million, with most transactions falling within a stable range of RM 3.00 million to RM 3.86 million, and a typical market range of RM 3.00 million to RM 4.14 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 899, though individual units vary from RM 697 to RM 1,101 in the core range. The broader market spans RM 764.50 to RM 1,033.50, indicating diverse property characteristics. The spread of RM 269.00 (IQR) and deviation of RM 202 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.