NORTHAM TOWER (MANSION ONE)

NORTHAM TOWER (MANSION ONE) in Timur Laut, Penang recorded 5 subsale transactions in 2024, with a median price of RM 510K and a median price per square foot (PSF) of RM 765.

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 510K, with most transactions falling within a stable range of RM 500K to RM 673K, and a typical market range of RM 500K to RM 630K.

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

The median PSF stands at RM 765, with core pricing between RM 661 and RM 869. Market pricing typically extends from RM 717.50 to RM 812.50, reflecting moderate variation in unit pricing. With an IQR of RM 95.00 and MAD of RM 104, 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.