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
|
|
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Market Snapshot
CommercialRM 505,000
RM 766 psfMedian transaction price
10450 George Town, Penang, Malaysia
MapsNortham Tower (Mansion One) in Timur Laut, Penang recorded 8 subsale transactions between 2021 and 2026, with a median price of RM 505K and a median price per square foot (PSF) of RM 766.
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 505K, with most transactions falling within a stable range of RM 470K to RM 651K, and a typical market range of RM 470K to RM 625K.
Most transactions involved office lot, with minimal variety in property types.
The median PSF stands at RM 766, with core pricing between RM 678 and RM 854. Market pricing typically extends from RM 718.50 to RM 813.50, reflecting moderate variation in unit pricing. With an IQR of RM 95.00 and MAD of RM 88, 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.