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Market Snapshot
ResidentialRM 275,000
RM 254 psfMedian transaction price
Jln Perak, Pulau Pinang, Malaysia
MapsJalan Perak in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, priced up to RM 300K, with a median price of RM 275K and a median price per square foot (PSF) of RM 254.
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 275K, with most transactions falling within a stable range of RM 250K to RM 300K, and a typical market range of RM 250K to RM 300K.
Most transactions involved cluster house, with high diversity across multiple property types.
For price per square foot, the median is RM 254, with most transactions between RM 244 and RM 264. The usual range is RM 178.34 to RM 330.09, showing that most units are priced quite close to each other. With an IQR of RM 151.75 and MAD of RM 10, 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.