ONE ONE EIGHT

Area Intelligence

2023

Median Price

RM 447,500

PSF: RM 707

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Commercial PSF Trends

Median Price

RM 447,500

RM 707 PSF

ONE ONE EIGHT in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 448K and a median price per square foot (PSF) of RM 707.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 448K, with most transactions falling within a stable range of RM 415K to RM 480K, and a typical market range of RM 416K to RM 479K.

Most transactions involved office lot, with moderate diversity in property types available.

The median PSF stands at RM 707, with core pricing between RM 632 and RM 782. Market pricing typically extends from RM 581.75 to RM 832.25, reflecting moderate variation in unit pricing. With an IQR of RM 250.50 and MAD of RM 75, 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.

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ONE ONE EIGHT, Timur Laut, Penang

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