Penang
Timur Laut
Georgetown
LENGKOK P.RAMLEE

LENGKOK P.RAMLEE

Area Intelligence

2022

Median Price

RM 1,290,000

PSF: RM 379

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Residential PSF Trends

Median Price

RM 1,290,000

PSF: RM 379

LENGKOK P.RAMLEE in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 1.29 million and a median price per square foot (PSF) of RM 379.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.29 million, with most transactions falling within a stable range of RM 1.19 million to RM 1.39 million, and a typical market range of RM 1.19 million to RM 1.39 million.

Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.

For price per square foot, the median is RM 379, with most transactions between RM 345 and RM 413. The usual range is RM 343.88 to RM 414.13, showing that most units are priced quite close to each other. With an IQR of RM 70.25 and MAD of RM 34, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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LENGKOK P.RAMLEE, Timur Laut, Penang

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