ONE ONE EIGHT

ONE ONE EIGHT in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 480K and a median price per square foot (PSF) of RM 632.

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 480K, with most transactions falling within a stable range of RM 416K to RM 544K, and a typical market range of RM 415K to RM 570K.

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

The median PSF stands at RM 632, with core pricing between RM 511 and RM 753. Market pricing typically extends from RM 549.63 to RM 714.38, reflecting moderate variation in unit pricing. The spread of RM 164.75 (IQR) and deviation of RM 121 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.