MENARA ASAS

Area Intelligence

2024

Median Price

RM 100,000

PSF: RM 244

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Residential PSF Trends

Median Price

RM 555,000

PSF: RM 532

Commercial PSF Trends

Median Price

RM 100,000

RM 244 PSF

MENARA ASAS in Timur Laut, Penang recorded 1 subsale transactions in 2024, with a median price of RM 100K and a median price per square foot (PSF) of RM 244.

This area contains both residential and commercial properties. View 2 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

For price per square foot, the median is RM 244, with most transactions between RM 244 and RM 244. The usual range is RM 162.00 to RM 326.00, showing that most units are priced quite close to each other. With an IQR of RM 164.00 and MAD of RM 0, 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. 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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MENARA ASAS, Timur Laut, Penang

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