JALAN KEBUN NYOR in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 590K and a median price per square foot (PSF) of RM 457.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 590K, with most transactions falling within a stable range of RM 250K to RM 930K, and a typical market range of RM 420K to RM 760K.
Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.
For price per square foot, the median is RM 457, with most transactions between RM 451 and RM 463. The usual range is RM 454.00 to RM 460.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 6.00 and an average deviation (MAD) of RM 6 indicate a highly stable PSF trend across properties.
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.
