Penang
Timur Laut
Tanjung Bungah
JALAN TANJUNG BUNGAH

JALAN TANJUNG BUNGAH

Area Intelligence

2024

Median Price

RM 980,000

PSF: RM 275

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Residential PSF Trends

Median Price

RM 980,000

PSF: RM 275

JALAN TANJUNG BUNGAH in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 980K and a median price per square foot (PSF) of RM 275.

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 980K, with most transactions falling within a stable range of RM 60K to RM 1.90 million, and a typical market range of RM 60K to RM 1.90 million.

Most transactions involved detached, though some variety exists in the market.

Price per square foot shows a median of RM 275, though individual units vary from RM 21 to RM 528 in the core range. The broader market spans RM 73.13 to RM 475.88, indicating diverse property characteristics. A wider spread (IQR: RM 402.75) and deviation (MAD: RM 254) 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.

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JALAN TANJUNG BUNGAH, Timur Laut, Penang

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