| Road | Price | PSF | Size | Date | Type |
|---|
|
Solok Batu Lancang
|
RM 1,350,000
|
RM 387
|
3,485 sqft
|
|
|
Solok Perak
|
RM 2,720,000
|
RM 377
|
7,215 sqft
|
|
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Market Snapshot
ResidentialRM 2,035,000
RM 382 psfMedian transaction price
Jelutong, Penang, Malaysia
MapsKawasan Jelutong in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 2.04 million and a median price per square foot (PSF) of RM 382.
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 2.04 million, with most transactions falling within a stable range of RM 1.35 million to RM 2.72 million, and a typical market range of RM 1.78 million to RM 2.30 million.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 382, with most transactions between RM 377 and RM 387. The usual range is RM 271.69 to RM 492.69, showing that most units are priced quite close to each other. With an IQR of RM 221.00 and MAD of RM 5, 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.