LENGKOK P.RAMLEE

LENGKOK P.RAMLEE in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 880K and a median price per square foot (PSF) of RM 324.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 880K, with most transactions falling within a stable range of RM 760K to RM 1.00 million, and a typical market range of RM 736K to RM 1.02 million.

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

The median PSF stands at RM 324, with core pricing between RM 290 and RM 358. Market pricing typically extends from RM 288.88 to RM 359.13, reflecting moderate variation in unit pricing. 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.