| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Vervea 9
|
RM 1,350,000
|
RM 374
|
3,606 sqft
|
|
|
|
Jalan Vervea 3
|
RM 1,280,000
|
RM 355
|
3,606 sqft
|
|
|
|
Jalan Vervea 3
|
RM 1,380,000
|
RM 383
|
3,606 sqft
|
|
|
|
Jalan Vervea 9
|
RM 1,530,000
|
RM 424
|
3,606 sqft
|
|
|
|
Jalan Vervea 11
|
RM 1,250,000
|
RM 347
|
3,606 sqft
|
|
|
|
Jalan Vervea 13
|
RM 1,780,000
|
RM 494
|
3,606 sqft
|
|
|
Jalan Vervea 3
|
RM 2,330,000
|
RM 523
|
4,456 sqft
|
|
|
|
Jalan Vervea 3
|
RM 1,800,000
|
RM 404
|
4,456 sqft
|
|
|
|
Jalan Vervea 10
|
RM 1,850,000
|
RM 415
|
4,456 sqft
|
|
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Market Snapshot
CommercialRM 1,465,000
RM 396 psfMedian transaction price
Jln Vervea 13, Pulau Pinang, Malaysia
MapsVervea in Seberang Perai Selatan, Penang recorded 16 subsale transactions in 2022, with a median price of RM 1.47 million and a median price per square foot (PSF) of RM 396.
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 1.24 million to RM 1.77 million, and a typical market range of RM 1.24 million to RM 1.74 million.
Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.
The median PSF stands at RM 396, with core pricing between RM 332 and RM 460. Market pricing typically extends from RM 136.09 to RM 656.09, reflecting moderate variation in unit pricing. The spread of RM 520.00 (IQR) and deviation of RM 64 (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.