KAWASAN JALAN BATU LANCHANG

KAWASAN JALAN BATU LANCHANG in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 1.23 million and a median price per square foot (PSF) of RM 726.

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 1.23 million, with most transactions falling within a stable range of RM 900K to RM 1.55 million, and a typical market range of RM 1.18 million to RM 1.27 million.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 726, with core pricing between RM 615 and RM 837. Market pricing typically extends from RM 674.50 to RM 777.50, reflecting moderate variation in unit pricing. The spread of RM 103.00 (IQR) and deviation of RM 111 (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. 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.