Kawasan Jalan Kelawei

Kawasan Jalan Kelawei in Timur Laut, Penang recorded 1 subsale transactions in 2024, with a median price of RM 4.67 million and a median price per square foot (PSF) of RM 1,013.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved detached, though some variety exists in the market.

For price per square foot, the median is RM 1,013, with most transactions between RM 1,013 and RM 1,013. The usual range is RM 1,012.76 to RM 1,013.76, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 1.00 and an average deviation (MAD) of RM 0 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.