NORTHAM CITY (MENARA BHL) Property Investment Analysis

NORTHAM CITY (MENARA BHL) in Timur Laut, Penang recorded 5 subsale transactions between 2021 and 2025, with a median price of RM 760K and a median price per square foot (PSF) of RM 364.

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 760K, with most transactions falling within a stable range of RM 530K to RM 990K, and a typical market range of RM 625K to RM 895K.

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

For price per square foot, the median is RM 364, with most transactions between RM 355 and RM 373. The usual range is RM 354.50 to RM 373.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 19.00 and an average deviation (MAD) of RM 9 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.