VERVEA

Area Intelligence

Median Price

RM 1,240,000

PSF: RM 376

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Commercial PSF Trends

Median Price

RM 1,240,000

RM 376 PSF

VERVEA in Seberang Perai Selatan, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 1.24 million and a median price per square foot (PSF) of RM 376.

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 1.24 million, with most transactions falling within a stable range of RM 1.21 million to RM 1.31 million, and a typical market range of RM 1.21 million to RM 1.38 million.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

For price per square foot, the median is RM 376, with most transactions between RM 342 and RM 410. The usual range is RM 129.00 to RM 623.00, showing that most units are priced quite close to each other. With an IQR of RM 494.00 and MAD of RM 34, 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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VERVEA, Seberang Perai Selatan, Penang

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Transactions

3 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 1,210,000

Level G

3,608 sqft • RM 335.00 PSF

Feb 2025

RM 1,240,000

JALAN VERVEA 7

3,300 sqft • RM 376.00 PSF

Jul 2022

RM 1,380,000

JALAN VERVEA 7

3,300 sqft • RM 418.00 PSF

Aug 2021

Road	Price	Land PSF	Land	Date	Type
Level G	RM 1,210,000	RM 335.00	3,608 sqft	Feb 2025	Shop/Retail Lot
JALAN VERVEA 7	RM 1,240,000	RM 376.00	3,300 sqft	Jul 2022	3-Storey Shop
JALAN VERVEA 7	RM 1,380,000	RM 418.00	3,300 sqft	Aug 2021	3-Storey Shop