JALAN JELUTONG in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 1.70 million and a median price per square foot (PSF) of RM 1,226.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.70 million, with most transactions falling within a stable range of RM 1.67 million to RM 1.70 million, and a typical market range of RM 1.64 million to RM 1.70 million.
Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.
The median PSF stands at RM 1,226, with core pricing between RM 1,030 and RM 1,423. Market pricing typically extends from RM 1,069.13 to RM 1,382.88, reflecting moderate variation in unit pricing. The spread of RM 313.75 (IQR) and deviation of RM 197 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.
