Penang
Timur Laut
Georgetown
WISMA LAM HONG

WISMA LAM HONG

Area Intelligence

2023

Median Price

RM 280,000

PSF: RM 413

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Residential PSF Trends

Median Price

RM 280,000

PSF: RM 413

WISMA LAM HONG in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 280K and a median price per square foot (PSF) of RM 413.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 280K, with most transactions falling within a stable range of RM 259K to RM 300K, and a typical market range of RM 260K to RM 300K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 413, with most transactions between RM 383 and RM 443. The usual range is RM 380.63 to RM 445.38, showing that most units are priced quite close to each other. With an IQR of RM 64.75 and MAD of RM 30, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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WISMA LAM HONG, Timur Laut, Penang

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