ICONIC POINT

ICONIC POINT in Seberang Perai Selatan, Penang recorded 5 3-Storey Shop properties subsale transactions between 2021 and 2025 for 3-storey shop properties, with a median price of RM 2.30 million and a median price per square foot (PSF) of RM 913.

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 2.30 million, with most transactions falling within a stable range of RM 2.20 million to RM 2.65 million, and a typical market range of RM 2.20 million to RM 2.40 million.

Within the 3-Storey Shop category, 3 - 3 1/2 storey shop dominated the market, with minimal variety in property types.

The median PSF stands at RM 913, with core pricing between RM 773 and RM 1,053. Market pricing typically extends from RM 873.00 to RM 953.00, reflecting moderate variation in unit pricing. The spread of RM 80.00 (IQR) and deviation of RM 140 (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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.