BATU LANCHANG FLATS in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 165K and a median price per square foot (PSF) of RM 284.
This area contains both residential and commercial properties. View 7 residential properties or 1 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 165K, with most transactions falling within a stable range of RM 145K to RM 185K, and a typical market range of RM 151K to RM 179K.
Most transactions involved low-cost flat, though some variety exists in the market.
The median PSF stands at RM 284, with core pricing between RM 240 and RM 327. Market pricing typically extends from RM 251.63 to RM 315.38, reflecting moderate variation in unit pricing. The spread of RM 63.75 (IQR) and deviation of RM 44 (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.
