| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Vervea 13
|
RM 2,253,000
|
RM 581
|
3,875 sqft
|
|
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Market Snapshot
CommercialRM 1,776,500
RM 487 psfMedian transaction price
Jln Vervea 13, Pulau Pinang, Malaysia
MapsVervea in Seberang Perai Selatan, Penang recorded 2 subsale transactions between 2021 and 2026, with a median price of RM 1.78 million and a median price per square foot (PSF) of RM 487.
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 1.78 million, with most transactions falling within a stable range of RM 1.30 million to RM 2.25 million, and a typical market range of RM 1.50 million to RM 2.05 million.
Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.
The median PSF stands at RM 487, with core pricing between RM 393 and RM 581. Market pricing typically extends from RM 227.00 to RM 747.00, reflecting moderate variation in unit pricing. The spread of RM 520.00 (IQR) and deviation of RM 94 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.