VORTEX BUSINESS PARK

VORTEX BUSINESS PARK in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2023, with a median price of RM 2.30 million and a median price per square foot (PSF) of RM 363.

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 2.44 million, and a typical market range of RM 2.20 million to RM 2.56 million.

Most transactions involved 4 - 4 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 363, though individual units vary from RM 259 to RM 467 in the core range. The broader market spans RM 336.50 to RM 389.50, indicating diverse property characteristics. A wider spread (IQR: RM 53.00) and deviation (MAD: RM 104) 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. 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.