JALAN PERAK

Area Intelligence

2022

Median Price

RM 600,000

PSF: RM 337

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Residential PSF Trends

Median Price

RM 600,000

PSF: RM 337

JALAN PERAK in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 600K and a median price per square foot (PSF) of RM 337.

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 300K to RM 900K, and a typical market range of RM 378K to RM 823K.

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

Price per square foot shows a median of RM 337, though individual units vary from RM 244 to RM 430 in the core range. The broader market spans RM 269.50 to RM 404.50, indicating diverse property characteristics. A wider spread (IQR: RM 135.00) and deviation (MAD: RM 93) indicate significant PSF variations, likely due to diverse property types or conditions.

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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