Northam Tower (Mansion One)
10450 George Town, Penang, Malaysia
10450 George Town, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 26
|
RM 500,000
|
RM 880
|
568 sqft
|
|
|
|
Level 22
|
RM 470,000
|
RM 827
|
568 sqft
|
|
|
Level 23
|
RM 500,000
|
RM 765
|
654 sqft
|
|
|
|
Level 23
|
RM 510,000
|
RM 775
|
658 sqft
|
|
|
|
Level 26
|
RM 500,000
|
RM 761
|
657 sqft
|
|
|
|
Level 12
|
RM 580,000
|
RM 895
|
648 sqft
|
|
|
Level 17
|
RM 600,000
|
RM 792
|
758 sqft
|
|
|
|
Level 11
|
RM 600,000
|
RM 792
|
758 sqft
|
|
|
|
Level 29
|
RM 842,000
|
RM 1,101
|
765 sqft
|
|
|
Level 30
|
RM 660,000
|
RM 768
|
860 sqft
|
|
Shop |
|
Level 30
|
RM 645,000
|
RM 741
|
870 sqft
|
|
Office |
|
Level 29
|
RM 1,320,000
|
RM 1,100
|
1,200 sqft
|
|
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Market Snapshot
CommercialRM 600,000
RM 792 psfMedian transaction price
10450 George Town, Penang, Malaysia
MapsNortham Tower (Mansion One) in Timur Laut, Penang recorded 15 subsale transactions between 2021 and 2026, with a median price of RM 600K and a median price per square foot (PSF) of RM 792.
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 600K, with most transactions falling within a stable range of RM 500K to RM 700K, and a typical market range of RM 480K to RM 720K.
Most transactions involved office lot, with minimal variety in property types.
For price per square foot, the median is RM 792, with most transactions between RM 748 and RM 836. The usual range is RM 744.07 to RM 839.07, showing that most units are priced quite close to each other. With an IQR of RM 95.00 and MAD of RM 44, 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.