MBF TOWER

MBF TOWER in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 580K and a median price per square foot (PSF) of RM 534.

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 580K, with most transactions falling within a stable range of RM 530K to RM 630K, and a typical market range of RM 490K to RM 670K.

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

For price per square foot, the median is RM 534, with most transactions between RM 489 and RM 579. The usual range is RM 447.25 to RM 619.75, showing that most units are priced quite close to each other. With an IQR of RM 172.50 and MAD of RM 45, 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.