Penang
Timur Laut
Jelutong
METRO AVENUE

METRO AVENUE

Area Intelligence

2023

Median Price

RM 666,000

PSF: RM 598

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METRO AVENUE in Timur Laut, Penang recorded 11 subsale transactions in 2023, with a median price of RM 666K and a median price per square foot (PSF) of RM 598.

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 666K, with most transactions falling within a stable range of RM 767K to RM 833K, and a typical market range of RM 767K to RM 756K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

Price per square foot shows a median of RM 598, though individual units vary from RM 228 to RM 967 in the core range. The broader market spans RM 480.67 to RM 715.17, indicating diverse property characteristics. A wider spread (IQR: RM 234.50) and deviation (MAD: RM 369) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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METRO AVENUE, Timur Laut, Penang

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