Penang
Timur Laut
Georgetown
NORTHAM CITY (MENARA BHL)

NORTHAM CITY (MENARA BHL)

Area Intelligence

2023

Median Price

RM 800,000

PSF: RM 364

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Commercial PSF Trends

Median Price

RM 800,000

RM 364 PSF

NORTHAM CITY (MENARA BHL) in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 800K 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.

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 364 and RM 364. 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 0 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.

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NORTHAM CITY (MENARA BHL), Timur Laut, Penang

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