VERVEA

Area Intelligence

2023

Median Price

RM 1,850,000

PSF: RM 1,603

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Commercial PSF Trends

Median Price

RM 1,850,000

RM 1,603 PSF

VERVEA in Seberang Perai Selatan, Penang recorded 10 subsale transactions in 2023, with a median price of RM 1.85 million and a median price per square foot (PSF) of RM 1,603.

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 1.85 million, with most transactions falling within a stable range of RM 1.60 million to RM 2.10 million, and a typical market range of RM 1.59 million to RM 2.11 million.

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

The median PSF stands at RM 1,603, with core pricing between RM 1,353 and RM 1,853. Market pricing typically extends from RM 1,356.00 to RM 1,850.00, reflecting moderate variation in unit pricing. The spread of RM 494.00 (IQR) and deviation of RM 250 (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.

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VERVEA, Seberang Perai Selatan, Penang

OSM

Track location

Transactions

8 transactions grouped by size

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)

Clear

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)

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Road	Price	Land PSF	Land	Date	Type

1,150 sqft

RM 2,000,000

JALAN VERVEA 9

1,154 sqft · RM 1,733 PSF

Dec 2023

RM 1,950,000

JALAN VERVEA 9

1,154 sqft · RM 1,690 PSF

Nov 2023

RM 1,250,000

JALAN VERVEA 3

1,154 sqft · RM 1,083 PSF

Aug 2023

RM 1,230,000

JALAN VERVEA 9

1,154 sqft · RM 1,066 PSF

Jun 2023

RM 1,850,000

JALAN VERVEA 9

1,154 sqft · RM 1,603 PSF

May 2023

RM 1,850,000

JALAN VERVEA 9

1,154 sqft · RM 1,603 PSF

May 2023

RM 1,600,000

JALAN VERVEA 9

1,154 sqft · RM 1,386 PSF

Mar 2023

JALAN VERVEA 9	RM 2,000,000	RM 1,733	1,154 sqft	Dec 2023	4-Storey Shop
JALAN VERVEA 9	RM 1,950,000	RM 1,690	1,154 sqft	Nov 2023	3-Storey Shop
JALAN VERVEA 3	RM 1,250,000	RM 1,083	1,154 sqft	Aug 2023	3-Storey Shop
JALAN VERVEA 9	RM 1,230,000	RM 1,066	1,154 sqft	Jun 2023	3-Storey Shop
JALAN VERVEA 9	RM 1,850,000	RM 1,603	1,154 sqft	May 2023	3-Storey Shop
JALAN VERVEA 9	RM 1,850,000	RM 1,603	1,154 sqft	May 2023	3-Storey Shop
JALAN VERVEA 9	RM 1,600,000	RM 1,386	1,154 sqft	Mar 2023	3-Storey Shop