KAWASAN LEBUH CHULIA in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 19.82 million and a median price per square foot (PSF) of RM 1,262.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 19.82 million, with most transactions falling within a stable range of RM 12.21 million to RM 27.43 million, and a typical market range of RM 16.02 million to RM 23.63 million.
Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.
Price per square foot shows a median of RM 1,262, though individual units vary from RM 670 to RM 1,855 in the core range. The broader market spans RM 965.75 to RM 1,558.25, indicating diverse property characteristics. A wider spread (IQR: RM 592.50) and deviation (MAD: RM 593) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
