MBF TOWER

Area Intelligence

Median Price

RM 450,000

PSF: RM 406

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Residential PSF Trends

Median Price

RM 450,000

PSF: RM 406

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 425K to RM 450K, and a typical market range of RM 400K to RM 450K.

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

For price per square foot, the median is RM 406, with most transactions between RM 384 and RM 429. The usual range is RM 319.75 to RM 492.25, showing that most units are priced quite close to each other. With an IQR of RM 172.50 and MAD of RM 23, 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.

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MBF TOWER, Timur Laut, Penang

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