Penang
Timur Laut
Tanjung Tokong
BAZAAR TANJUNG/PRIMA TANJUNG

BAZAAR TANJUNG/PRIMA TANJUNG

Area Intelligence

2023

Median Price

RM 257,500

PSF: RM 347

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Commercial PSF Trends

Median Price

RM 257,500

RM 347 PSF

BAZAAR TANJUNG/PRIMA TANJUNG in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 258K and a median price per square foot (PSF) of RM 347.

This area consists exclusively of commercial properties, with no residential listings recorded.

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

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

For price per square foot, the median is RM 347, with most transactions between RM 347 and RM 347. The usual range is RM 245.50 to RM 448.50, showing that most units are priced quite close to each other. With an IQR of RM 203.00 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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BAZAAR TANJUNG/PRIMA TANJUNG, Timur Laut, Penang

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