| Road | Price | PSF | Size | Date | Type |
|---|
|
Pintasan Makloom 2
|
RM 250,000
|
RM 264
|
947 sqft
|
|
|
Pintasan Makloom 1
|
RM 300,000
|
RM 244
|
1,227 sqft
|
|
|
Persiaran Perak
|
RM 900,000
|
RM 478
|
1,884 sqft
|
|
|
Jalan Logan
|
RM 18,000,000
|
RM 439
|
41,000 sqft
|
|
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Market Snapshot
ResidentialRM 600,000
RM 351 psfMedian transaction price
Jln Perak, Pulau Pinang, Malaysia
MapsJalan 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 351.
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 250K to RM 8.19 million, and a typical market range of RM 261K to RM 939K.
Most transactions involved cluster house, with high diversity across multiple property types.
Price per square foot shows a median of RM 351, though individual units vary from RM 248 to RM 455 in the core range. The broader market spans RM 275.61 to RM 427.36, indicating diverse property characteristics. A wider spread (IQR: RM 151.75) and deviation (MAD: RM 103) 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.