JALAN PERAK

Area Intelligence

2022

Median Price

RM 600,000

PSF: RM 347

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Residential PSF Trends

Median Price

RM 600,000

PSF: RM 347

JALAN PERAK in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 600K and a median price per square foot (PSF) of RM 347.

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 600K, with most transactions falling within a stable range of RM 575K to RM 300K, and a typical market range of RM 378K to RM 300K.

Most transactions involved cluster house, with high diversity across multiple property types.

For price per square foot, the median is RM 347, with most transactions between RM 337 and RM 357. The usual range is RM 279.50 to RM 414.50, showing that most units are priced quite close to each other. With an IQR of RM 135.00 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.

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JALAN PERAK, Timur Laut, Penang

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