Penang
Timur Laut
Georgetown
KOMPLEKS TUN ABDUL RAZAK

KOMPLEKS TUN ABDUL RAZAK

Area Intelligence

2023

Median Price

RM 724,000

PSF: RM 329

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Commercial PSF Trends

Median Price

RM 724,000

RM 329 PSF

KOMPLEKS TUN ABDUL RAZAK in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 724K and a median price per square foot (PSF) of RM 329.

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 724K, with most transactions falling within a stable range of RM 1.15 million to RM 1.10 million, and a typical market range of RM 1.15 million to RM 999K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

For price per square foot, the median is RM 329, with most transactions between RM 329 and RM 329. The usual range is RM 137.75 to RM 520.25, showing that most units are priced quite close to each other. With an IQR of RM 382.50 and MAD of RM 0, 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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KOMPLEKS TUN ABDUL RAZAK, Timur Laut, Penang

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