TUNG HIN BUILDING in Timur Laut, Penang recorded 1 subsale transactions in 2022, with a median price of RM 300K and a median price per square foot (PSF) of RM 648.
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 300K, with most transactions falling within a stable range of RM 245K to RM 355K, and a typical market range of RM 236K to RM 364K.
Most transactions involved shop unit/retail lot, though some variety exists in the market.
For price per square foot, the median is RM 648, with most transactions between RM 592 and RM 705. The usual range is RM 592.50 to RM 703.50, showing that most units are priced quite close to each other. With an IQR of RM 111.00 and MAD of RM 57, 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.
