MBF TOWER

MBF TOWER in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 450K and a median price per square foot (PSF) of RM 406.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 450K, with most transactions falling within a stable range of RM 400K to RM 500K, and a typical market range of RM 400K to RM 540K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 406, with core pricing between RM 361 and RM 451. Market pricing typically extends from RM 319.75 to RM 492.25, reflecting moderate variation in unit pricing. With an IQR of RM 172.50 and MAD of RM 45, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.