VERVEA

Area Intelligence
2022
Median Price
RM 1,465,000
PSF: RM 1,270

Commercial PSF Trends

Median Price

RM 1,465,000

RM 1,270 PSF

VERVEA in Seberang Perai Selatan, Penang recorded 14 subsale transactions in 2022, with a median price of RM 1.47 million and a median price per square foot (PSF) of RM 1,270.

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 1.47 million, with most transactions falling within a stable range of RM 1.25 million to RM 1.78 million, and a typical market range of RM 1.25 million to RM 1.73 million.

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

The median PSF stands at RM 1,270, with core pricing between RM 1,066 and RM 1,473. Market pricing typically extends from RM 1,022.50 to RM 1,516.50, reflecting moderate variation in unit pricing. The spread of RM 494.00 (IQR) and deviation of RM 203 (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. Limited transaction history suggests carefully evaluating comparable sales data.

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VERVEA, Seberang Perai Selatan, Penang

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Transactions

14 transactions grouped by size

1,150 sqft
RM 1,350,000
JALAN VERVEA 9
1,154 sqft · RM 1,170 PSF
RM 1,280,000
JALAN VERVEA 3
1,154 sqft · RM 1,109 PSF
RM 1,380,000
JALAN VERVEA 3
1,154 sqft · RM 1,196 PSF
RM 1,530,000
JALAN VERVEA 9
1,154 sqft · RM 1,326 PSF
RM 1,250,000
JALAN VERVEA 11
1,154 sqft · RM 1,083 PSF
RM 1,350,000
JALAN VERVEA 3
1,154 sqft · RM 1,170 PSF
1,350 sqft
3-Storey Shop
RM 1,780,000
JALAN VERVEA 13
1,334 sqft · RM 1,334 PSF
1,500 sqft
4-Storey Shop
RM 2,330,000
JALAN VERVEA 3
1,478 sqft · RM 1,576 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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