INDUSTRI RINGAN VALDOR in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2023, with a median price of RM 525K and a median price per square foot (PSF) of RM 319.
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 525K, with most transactions falling within a stable range of RM 500K to RM 550K, and a typical market range of RM 501K to RM 549K.
Most transactions involved terraced factory/warehouse, though some variety exists in the market.
For price per square foot, the median is RM 319, with most transactions between RM 304 and RM 334. The usual range is RM 297.50 to RM 340.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 43.00 and an average deviation (MAD) of RM 15 indicate a highly stable PSF trend across properties.
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.
