VERVEA

VERVEA in Seberang Perai Selatan, Penang recorded 7 4-Storey Shop properties subsale transactions between 2021 and 2025 for 4-storey shop properties, with a median price of RM 2.28 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 2.28 million, with most transactions falling within a stable range of RM 1.80 million to RM 2.89 million, and a typical market range of RM 2.02 million to RM 2.54 million.

Within the 4-Storey Shop category, 3 - 3 1/2 storey shop dominated the market, though some variety exists in the market.

Price per square foot shows a median of RM 1,603, though individual units vary from RM 950 to RM 2,256 in the core range. The broader market spans RM 1,356.00 to RM 1,850.00, indicating diverse property characteristics. A wider spread (IQR: RM 494.00) and deviation (MAD: RM 653) indicate significant PSF variations, likely due to diverse property types or conditions.

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.