Penang
Seberang Perai Selatan
14
VORTEX BUSINESS PARK

VORTEX BUSINESS PARK

Area Intelligence

2023

Median Price

RM 2,332,500

PSF: RM 350

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Commercial PSF Trends

Median Price

RM 2,332,500

RM 350 PSF

VORTEX BUSINESS PARK in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2023, with a median price of RM 2.33 million and a median price per square foot (PSF) of RM 350.

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 2.33 million, with most transactions falling within a stable range of RM 2.20 million to RM 2.47 million, and a typical market range of RM 2.20 million to RM 2.58 million.

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

For price per square foot, the median is RM 350, with most transactions between RM 318 and RM 382. The usual range is RM 323.50 to RM 376.50, showing that most units are priced quite close to each other. With an IQR of RM 53.00 and MAD of RM 32, 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. 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.

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VORTEX BUSINESS PARK, Seberang Perai Selatan, Penang

OSM

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Transactions

4 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

6,500 sqft

Semi-D Factory

6,500 sqft

Semi-D Factory

RM 2,200,000

JALAN PERNIAGAAN VORTEKS 5

6,523 sqft · RM 337 PSF

Apr 2023

RM 2,580,000

JALAN PERNIAGAAN VORTEKS 5

6,523 sqft · RM 396 PSF

Apr 2023

RM 2,365,000

JALAN PERUSAHAAN RINGAN JURU 5

6,523 sqft · RM 363 PSF

Feb 2023

JALAN PERNIAGAAN VORTEKS 5	RM 2,200,000	RM 337	6,523 sqft	Apr 2023
JALAN PERNIAGAAN VORTEKS 5	RM 2,580,000	RM 396	6,523 sqft	Apr 2023
JALAN PERUSAHAAN RINGAN JURU 5	RM 2,365,000	RM 363	6,523 sqft	Feb 2023