Northam Tower (Mansion One) in Timur Laut, Penang recorded 5 subsale transactions in 2024, with a median price of RM510K and a median price per square foot (PSF) of RM765.

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 RM510K, with most transactions falling within a stable range of RM500K to RM673K, and a typical market range of RM500K to RM630K.

Most transactions involved office lot, with minimal variety in property types.

The median PSF stands at RM765, with core pricing between RM660 and RM869. Market pricing typically extends from RM717.00 to RM812.00, reflecting moderate variation in unit pricing. With an IQR of RM95.00 and MAD of RM104, the PSF demonstrates reasonable consistency across the market.

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.