Penang
Timur Laut
Georgetown
ONE STOP MIDLANDS PARK

ONE STOP MIDLANDS PARK

Area Intelligence

2023

Median Price

RM 155,000

PSF: RM 182

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Commercial PSF Trends

Median Price

RM 155,000

RM 182 PSF

ONE STOP MIDLANDS PARK in Timur Laut, Penang recorded 10 subsale transactions in 2023, with a median price of RM 155K and a median price per square foot (PSF) of RM 182.

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 155K, with most transactions falling within a stable range of RM 1.01 million to RM 325K, and a typical market range of RM 1.01 million to RM 285K.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

Price per square foot shows a median of RM 182, though individual units vary from RM 125 to RM 240 in the core range. The broader market spans RM 134.50 to RM 229.50, indicating diverse property characteristics. A wider spread (IQR: RM 95.00) and deviation (MAD: RM 58) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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ONE STOP MIDLANDS PARK, Timur Laut, Penang

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