The Mayfair in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM2.60 million and a median price per square foot (PSF) of RM536.

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 RM2.60 million, with most transactions falling within a stable range of RM2.40 million to RM2.80 million, and a typical market range of RM2.40 million to RM2.80 million.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM536, with most transactions between RM494 and RM577. The usual range is RM494.08 to RM577.08, showing that most units are priced quite close to each other. With an IQR of RM83.00 and MAD of RM41, 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. 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.