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Market Snapshot
ResidentialRM 552,500
RM 674 psfMedian transaction price
Persiaran Lengkuas 1, TanjungTokong10470 George Town, Pulau Pinang, Malaysia
MapsTanjong Park in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM 553K and a median price per square foot (PSF) of RM 674.
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 553K, with most transactions falling within a stable range of RM 500K to RM 605K, and a typical market range of RM 474K to RM 631K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 674, with most transactions between RM 625 and RM 723. The usual range is RM 630.75 to RM 717.25, showing that most units are priced quite close to each other. With an IQR of RM 86.50 and MAD of RM 49, 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.