NORTHAM TOWER (MANSION ONE)

NORTHAM TOWER (MANSION ONE) in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 842K and a median price per square foot (PSF) of RM 1,100.

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 842K, with most transactions falling within a stable range of RM 580K to RM 1.15 million, and a typical market range of RM 722K to RM 962K.

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

For price per square foot, the median is RM 1,100, with most transactions between RM 1,003 and RM 1,197. The usual range is RM 1,052.50 to RM 1,147.50, showing that most units are priced quite close to each other. With an IQR of RM 95.00 and MAD of RM 97, 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.