VERVEA in Seberang Perai Selatan, Penang recorded 27 subsale transactions between 2021 and 2025, with a median price of RM 1.60 million and a median price per square foot (PSF) of RM 1,386.
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 1.60 million, with most transactions falling within a stable range of RM 1.23 million to RM 2.13 million, and a typical market range of RM 1.34 million to RM 1.86 million.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
Price per square foot shows a median of RM 1,386, though individual units vary from RM 1,075 to RM 1,697 in the core range. The broader market spans RM 1,139.00 to RM 1,633.00, indicating diverse property characteristics. The spread of RM 494.00 (IQR) and deviation of RM 311 (MAD) suggest moderate price variations reflecting different property features.
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. Moderate transaction volume may require patience when buying or selling.
