Penang
Seberang Perai Selatan
13
UTROPOLIS UTAMA

UTROPOLIS UTAMA

Area Intelligence

2022

Median Price

RM 340,000

PSF: RM 596

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Residential PSF Trends

Median Price

RM 329,000

PSF: RM 664

Commercial PSF Trends

Median Price

RM 850,000

RM 535 PSF

UTROPOLIS UTAMA in Seberang Perai Selatan, Penang recorded 9 subsale transactions in 2022, with a median price of RM 340K and a median price per square foot (PSF) of RM 596.

This area contains both residential and commercial properties. View 25 residential properties or 10 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 340K, with most transactions falling within a stable range of RM 338K to RM 295K, and a typical market range of RM 290K to RM 295K.

Most transactions involved service apartment, with moderate diversity in property types available.

For price per square foot, the median is RM 596, with most transactions between RM 591 and RM 601. The usual range is RM 556.75 to RM 635.25, showing that most units are priced quite close to each other. With an IQR of RM 78.50 and MAD of RM 5, 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.

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UTROPOLIS UTAMA, Seberang Perai Selatan, Penang

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