Penang
Timur Laut
Georgetown
GAT LEBUH MACALLUM

GAT LEBUH MACALLUM

Area Intelligence

2023

Median Price

RM 360,000

PSF: RM 703

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Commercial PSF Trends

Median Price

RM 360,000

RM 703 PSF

GAT LEBUH MACALLUM in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 360K and a median price per square foot (PSF) of RM 703.

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

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 703, with most transactions between RM 703 and RM 703. The usual range is RM 644.13 to RM 760.88, showing that most units are priced quite close to each other. With an IQR of RM 116.75 and MAD of RM 0, 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.

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GAT LEBUH MACALLUM, Timur Laut, Penang

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