Penang
Timur Laut
Georgetown
ONE STOP MIDLANDS PARK

ONE STOP MIDLANDS PARK

Area Intelligence

2023

Median Price

RM 260,000

PSF: RM 209

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Commercial PSF Trends

Median Price

RM 260,000

RM 209 PSF

ONE STOP MIDLANDS PARK in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 260K and a median price per square foot (PSF) of RM 209.

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 260K, with most transactions falling within a stable range of RM 170K to RM 350K, and a typical market range of RM 170K to RM 350K.

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

Price per square foot shows a median of RM 209, though individual units vary from RM 161 to RM 256 in the core range. The broader market spans RM 161.00 to RM 256.00, indicating diverse property characteristics. The spread of RM 95.00 (IQR) and deviation of RM 48 (MAD) suggest moderate price variations reflecting different property features.

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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