FARLIM

Penang, Malaysia

26
Properties within neighbourhood
0
Convenience Store
0
Shopping Malls
3
Supermarkets & Markets
0
Public Transport
4
Educations
4
Places of Worship
0
Medicals
0
Banks
0
Petrol Station

low

Crime Level

Lebuhraya Thean Teik

Highways

Sunshine Tower

Upcoming Developments
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About This Map

Transacted Prices

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

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Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Farlim *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

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Neighbourhood Review

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Farlim is an old township on the island of Penang that is being revamped. It was originally known as the Thean Teik Estate which was named after Khoo Thean Teik, and was later purchased Leong San Tong Khoo Kongsi in the 1920s. The township used to comprise mainly of low and medium cost developments.

Due to its proximity to Georgetown the capital of Penang, Farlim is undergoing through massive redevelopment, and the main focus of its activities now is in Bandar Baru Ayer Hitam. The aim of the redevelopment is to transform this haphazard township into a fully integrated township.

The redevelopment area comprises 356 acres and will include residential and commercial developments, which the latter will include banks, clinics, police stations, post offices, education institutions and so forth.

Farlim is home to two hypermarkets, a Giant hypermarket and a local brand of hypermarket - Sunshine Farlim Shopping Mall. The Giant Hypermarket is housed at the local strip mall All Seasons Place. There is also an Econsave in the neighbourhood. Farlim is served by the Rapid Penang Busses 202 and 203.

Although it is a fairly busy township, Farlim has pockets of greens such as at the Medan Angsana Public Park which has a jogging track and playground. It is located in the middle of town, and is surrounded by the local shops. This public park is also used as a site of the local weekly night market.

Farlim is a township that is mostly focused on commercial activities. Unlike many of its neighbouring townships, Farlim does not have its own local attractions. They do however have a great many choices of F&B outlets, and they also have their own Permata Sports Complex.

The main road of Farlim is Lebuhraya Thean Teik which runs through the township, and provides convenient accessibility to Jalan Tun Dr Awang. Due to the rapid development that Farlim is going through, its population is increasing steadily and its roads are gradually getting more congested. Getting to the capital of Penang, Georgetown, is however only 15 minutes away in clear traffic, while the Penang mainland is 20 minutes way under clear traffic conditions.

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

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