VERVEA in Seberang Perai Selatan, Penang recorded 0 Terraced Factory properties subsale transactions between 2021 and 2025 for terraced factory properties, with a median price of RM 1.60 million and a median price per square foot (PSF) of RM 1,326.
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 1.35 million to RM 1.85 million, and a typical market range of RM 1.34 million to RM 1.86 million.
Within the Terraced Factory category, 3 - 3 1/2 storey shop dominated the market, though some variety exists in the market.
The median PSF stands at RM 1,326, with core pricing between RM 1,076 and RM 1,576. Market pricing typically extends from RM 1,079.00 to RM 1,573.00, 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.
