CLOUD 9

Area Intelligence
2023
Median Price
RM 740,000
PSF: RM 643

Commercial PSF Trends

Median Price

RM 740,000

RM 643 PSF

CLOUD 9 in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 740K and a median price per square foot (PSF) of RM 643.

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 740K, with most transactions falling within a stable range of RM 621K to RM 859K, and a typical market range of RM 630K to RM 850K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

The median PSF stands at RM 643, with core pricing between RM 523 and RM 762. Market pricing typically extends from RM 523.50 to RM 761.50, reflecting moderate variation in unit pricing. The spread of RM 238.00 (IQR) and deviation of RM 120 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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CLOUD 9, Timur Laut, Penang

OSM

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Transactions

4 transactions grouped by size

1,100 sqft
Shop/Retail Lot
RM 900,000
Level 1
1,087 sqft · RM 828 PSF
1,150 sqft
Shop/Retail Lot
RM 680,000
Level 3
1,152 sqft · RM 590 PSF
RM 800,000
Level 3
1,152 sqft · RM 695 PSF
RM 585,000
Level 3
1,152 sqft · RM 508 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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