Penang
Timur Laut
Georgetown
TUNG HIN BUILDING

TUNG HIN BUILDING

Area Intelligence

2023

Median Price

RM 200,000

PSF: RM 535

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Commercial PSF Trends

Median Price

RM 195,000

RM 549 PSF

TUNG HIN BUILDING in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 200K and a median price per square foot (PSF) of RM 535.

This area contains both residential and commercial properties. View 1 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 200K, with most transactions falling within a stable range of RM 195K to RM 200K, and a typical market range of RM 190K to RM 200K.

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

For price per square foot, the median is RM 535, with most transactions between RM 521 and RM 549. The usual range is RM 479.50 to RM 590.50, showing that most units are priced quite close to each other. With an IQR of RM 111.00 and MAD of RM 14, 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.

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TUNG HIN BUILDING, Timur Laut, Penang

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