MENARA RIVERVIEW

MENARA RIVERVIEW in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 363K and a median price per square foot (PSF) of RM 386.

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 363K, with most transactions falling within a stable range of RM 293K to RM 433K, and a typical market range of RM 285K to RM 440K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 386, with core pricing between RM 323 and RM 450. Market pricing typically extends from RM 314.00 to RM 458.00, reflecting moderate variation in unit pricing. The spread of RM 144.00 (IQR) and deviation of RM 64 (MAD) suggest moderate price variations reflecting different property features.

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.