| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Vervea 9
|
RM 1,500,000
|
RM 416
|
3,606 sqft
|
|
|
|
Jalan Vervea 7
|
RM 1,380,000
|
RM 383
|
3,606 sqft
|
|
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Market Snapshot
CommercialRM 1,440,000
RM 399 psfMedian transaction price
Jln Vervea 13, Pulau Pinang, Malaysia
MapsVervea in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2021, with a median price of RM 1.44 million and a median price per square foot (PSF) of RM 399.
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 1.44 million, with most transactions falling within a stable range of RM 1.38 million to RM 1.50 million, and a typical market range of RM 1.38 million to RM 1.50 million.
Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.
For price per square foot, the median is RM 399, with most transactions between RM 383 and RM 416. The usual range is RM 139.34 to RM 659.34, showing that most units are priced quite close to each other. With an IQR of RM 520.00 and MAD of RM 17, the PSF demonstrates reasonable consistency across the market.
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.