MENARA ASAS

Area Intelligence

2024

Median Price

RM 555,000

PSF: RM 532

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Residential PSF Trends

Median Price

RM 555,000

PSF: RM 532

Commercial PSF Trends

Median Price

RM 700,000

RM 671 PSF

MENARA ASAS in Timur Laut, Penang recorded 4 subsale transactions in 2024, with a median price of RM 555K and a median price per square foot (PSF) of RM 532.

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. The median price is RM 555K, with most transactions falling within a stable range of RM 120K to RM 990K, and a typical market range of RM 333K to RM 778K.

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

Price per square foot shows a median of RM 532, though individual units vary from RM 369 to RM 695 in the core range. The broader market spans RM 449.50 to RM 613.50, indicating diverse property characteristics. A wider spread (IQR: RM 164.00) and deviation (MAD: RM 163) 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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MENARA ASAS, Timur Laut, Penang

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