LORONG GAJAH

Area Intelligence

Median Price

RM 1,525,000

PSF: RM 364

LORONG GAJAH in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 1.53 million and a median price per square foot (PSF) of RM 364.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.53 million, with most transactions falling within a stable range of RM 1.35 million to RM 1.70 million, and a typical market range of RM 1.44 million to RM 1.61 million.

Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.

For price per square foot, the median is RM 364, with most transactions between RM 352 and RM 375. The usual range is RM 357.75 to RM 369.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 11.50 and an average deviation (MAD) of RM 12 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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LORONG GAJAH, Timur Laut, Penang

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