MENARA NORTHAM

MENARA NORTHAM in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 480K and a median price per square foot (PSF) of RM 782.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 480K, with most transactions falling within a stable range of RM 390K to RM 570K, and a typical market range of RM 435K to RM 525K.

Most transactions involved office lot, with minimal variety in property types.

The median PSF stands at RM 782, with core pricing between RM 636 and RM 929. Market pricing typically extends from RM 708.75 to RM 855.25, reflecting moderate variation in unit pricing. The spread of RM 146.50 (IQR) and deviation of RM 147 (MAD) suggest moderate price variations reflecting different property features.

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.