Penang
Timur Laut
Georgetown
KOMPLEKS TUN ABDUL RAZAK

KOMPLEKS TUN ABDUL RAZAK

Area Intelligence

2024

Median Price

RM 224,000

PSF: RM 657

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Commercial PSF Trends

Median Price

RM 224,000

RM 657 PSF

KOMPLEKS TUN ABDUL RAZAK 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 657.

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 657, with core pricing between RM 545 and RM 768. Market pricing typically extends from RM 465.25 to RM 847.75, reflecting moderate variation in unit pricing. The spread of RM 382.50 (IQR) and deviation of RM 112 (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.

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KOMPLEKS TUN ABDUL RAZAK, Timur Laut, Penang

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