Northam Tower (Mansion One)
10450 George Town, Penang, Malaysia
10450 George Town, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 17
|
RM 600,000
|
RM 792
|
758 sqft
|
|
|
|
Level 11
|
RM 600,000
|
RM 792
|
758 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 4 subsale transactions in 2022, 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 547K to RM 645K, and a typical market range of RM 500K to RM 645K.
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 758 and RM 825. 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 34, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.