City Residence
Persiaran Lengkuas 2, Kampung Belachan, 10470 Tanjung Tokong, Pulau Pinang, Malaysia
Persiaran Lengkuas 2, Kampung Belachan, 10470 Tanjung Tokong, Pulau Pinang, Malaysia
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Market Snapshot
ResidentialRM 1,130,000
RM 724 psfMedian transaction price
Persiaran Lengkuas 2, Kampung Belachan, 10470 Tanjung Tokong, Pulau Pinang, Malaysia
MapsCity Residence in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM 1.13 million and a median price per square foot (PSF) of RM 724.
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 1.13 million, with most transactions falling within a stable range of RM 970K to RM 1.29 million, and a typical market range of RM 975K to RM 1.29 million.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 724, with most transactions between RM 659 and RM 789. The usual range is RM 663.00 to RM 785.00, showing that most units are priced quite close to each other. With an IQR of RM 122.00 and MAD of RM 65, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.