Komtar
10450 George Town, Pulau Pinang, Malaysia
10450 George Town, Pulau Pinang, Malaysia
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Market Snapshot
CommercialRM 224,000
RM 656 psfMedian transaction price
Komtar, 10450 George Town, Pulau Pinang, Malaysia
MapsKomtar in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 224K and a median price per square foot (PSF) of RM 656.
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 224K, with most transactions falling within a stable range of RM 88K to RM 360K, and a typical market range of RM 88K to RM 360K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
The median PSF stands at RM 656, with core pricing between RM 545 and RM 768. Market pricing typically extends from RM 465.07 to RM 847.57, reflecting moderate variation in unit pricing. The spread of RM 382.50 (IQR) and deviation of RM 111 (MAD) suggest moderate price variations reflecting different property features.
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.