Penang
Timur Laut
Georgetown
GAT LEBUH MACALLUM

GAT LEBUH MACALLUM

Area Intelligence

2024

Median Price

RM 455,000

PSF: RM 519

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Commercial PSF Trends

Median Price

RM 455,000

RM 519 PSF

GAT LEBUH MACALLUM in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 455K and a median price per square foot (PSF) of RM 519.

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 455K, with most transactions falling within a stable range of RM 290K to RM 620K, and a typical market range of RM 439K to RM 471K.

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

The median PSF stands at RM 519, with core pricing between RM 465 and RM 573. Market pricing typically extends from RM 460.63 to RM 577.38, reflecting moderate variation in unit pricing. With an IQR of RM 116.75 and MAD of RM 54, 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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