| Road | Price | PSF | Size | Date | Type |
|---|
|
Lebuhraya Jelutong
|
RM 2,000,000
|
RM 2,693
|
743 sqft
|
|
|
|
Lebuhraya Jelutong
|
RM 2,000,000
|
RM 2,693
|
743 sqft
|
|
|
Lebuhraya Jelutong
|
RM 4,100,000
|
RM 2,760
|
1,485 sqft
|
|
|
Jalan Tan Sri Teh Ewe Lim
|
RM 1,250,000
|
RM 572
|
2,185 sqft
|
|
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Market Snapshot
CommercialRM 2,000,000
RM 1,290 psfMedian transaction price
Jln Tan Sri Teh Ewe Lim, 11600 Jelutong, Pulau Pinang, Malaysia
MapsKaw. Jalan Tan Sri Teh Ewe Lim in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2026, with a median price of RM 2.00 million and a median price per square foot (PSF) of RM 2,760.
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 2.00 million, with most transactions falling within a stable range of RM 1.63 million to RM 2.38 million, and a typical market range of RM 1.64 million to RM 2.36 million.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
For price per square foot, the median is RM 2,760, with most transactions between RM 2,713 and RM 2,807. The usual range is RM 2,667.41 to RM 2,852.91, showing that most units are priced quite close to each other. With an IQR of RM 185.50 and MAD of RM 47, 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.