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 145K to RM 255K, and a typical market range of RM 136K to RM 264K.
Most transactions involved shop unit/retail lot, though some variety exists in the market.
The median PSF stands at RM 535, with core pricing between RM 479 and RM 592. Market pricing typically extends from RM 479.50 to RM 590.50, reflecting moderate variation in unit pricing. 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.
