THE H2O SHOPLOTS in Timur Laut, Penang recorded 1 subsale transactions between 2021 and 2025, with a median price of RM 420K and a median price per square foot (PSF) of RM 542.
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 420K, with most transactions falling within a stable range of RM 133K to RM 708K, and a typical market range of RM 276K to RM 564K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
Price per square foot shows a median of RM 542, though individual units vary from RM 385 to RM 699 in the core range. The broader market spans RM 463.50 to RM 620.50, indicating diverse property characteristics. A wider spread (IQR: RM 157.00) and deviation (MAD: RM 157) indicate significant PSF variations, likely due to diverse property types or conditions.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
