GAT LEBUH MACALLUM in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 380K and a median price per square foot (PSF) of RM 722.
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 380K, with most transactions falling within a stable range of RM 360K to RM 400K, and a typical market range of RM 364K to RM 396K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
For price per square foot, the median is RM 722, with most transactions between RM 663 and RM 782. The usual range is RM 663.63 to RM 780.38, showing that most units are priced quite close to each other. With an IQR of RM 116.75 and MAD of RM 60, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
