BANDAR TANJONG PINANG

BANDAR TANJONG PINANG in Timur Laut, Penang recorded 9 Bungalow properties subsale transactions between 2021 and 2025 for bungalow properties, with a median price of RM 5.25 million and a median price per square foot (PSF) of RM 1,000.

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 5.25 million, with most transactions falling within a stable range of RM 4.20 million to RM 7.14 million, and a typical market range of RM 4.41 million to RM 6.09 million.

Within the Bungalow category, 2 - 2 1/2 storey terraced dominated the market, with moderate diversity in property types available.

Price per square foot shows a median of RM 1,000, though individual units vary from RM 779 to RM 1,221 in the core range. The broader market spans RM 865.50 to RM 1,134.50, indicating diverse property characteristics. The spread of RM 269.00 (IQR) and deviation of RM 221 (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.