BELLISA ROW

Area Intelligence

2023

Median Price

RM 525,000

PSF: RM 450

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Commercial PSF Trends

Median Price

RM 525,000

RM 450 PSF

BELLISA ROW in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 525K and a median price per square foot (PSF) of RM 450.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 525K, with most transactions falling within a stable range of RM 380K to RM 670K, and a typical market range of RM 380K to RM 670K.

Most transactions involved office lot, though some variety exists in the market.

Price per square foot shows a median of RM 450, though individual units vary from RM 345 to RM 555 in the core range. The broader market spans RM 355.38 to RM 544.63, indicating diverse property characteristics. The spread of RM 189.25 (IQR) and deviation of RM 105 (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.

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BELLISA ROW, Timur Laut, Penang

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