Penang
Timur Laut
Georgetown
MENARA RIVERVIEW

MENARA RIVERVIEW

Area Intelligence

2023

Median Price

RM 230,000

PSF: RM 267

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Residential PSF Trends

Median Price

RM 230,000

PSF: RM 267

MENARA RIVERVIEW in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 230K and a median price per square foot (PSF) of RM 267.

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

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 267, with most transactions between RM 267 and RM 267. The usual range is RM 195.00 to RM 339.00, showing that most units are priced quite close to each other. With an IQR of RM 144.00 and MAD of RM 0, 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.

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MENARA RIVERVIEW, Timur Laut, Penang

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