JALAN PERAK

Area Intelligence

2024

Median Price

RM 340,000

PSF: RM 338

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Residential PSF Trends

Median Price

RM 340,000

PSF: RM 338

JALAN PERAK in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 340K and a median price per square foot (PSF) of RM 338.

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 340K, with most transactions falling within a stable range of RM 330K to RM 350K, and a typical market range of RM 330K to RM 350K.

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

For price per square foot, the median is RM 338, with most transactions between RM 335 and RM 341. The usual range is RM 270.50 to RM 405.50, showing that most units are priced quite close to each other. With an IQR of RM 135.00 and MAD of RM 3, 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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