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 190K to RM 297K, and a typical market range of RM 190K to RM 264K.

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

Price per square foot shows a median of RM 535, though individual units vary from RM 411 to RM 659 in the core range. The broader market spans RM 479.50 to RM 590.50, indicating diverse property characteristics. The spread of RM 111.00 (IQR) and deviation of RM 124 (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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TUNG HIN BUILDING, Timur Laut, Penang

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