TAMAN IKS SPG EMPAT in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2021, with a median price of RM 2.20 million and a median price per square foot (PSF) of RM 156.
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 2.20 million, with most transactions falling within a stable range of RM 1.64 million to RM 2.76 million, and a typical market range of RM 1.36 million to RM 3.04 million.
Most transactions involved detached factory/warehouse, though some variety exists in the market.
The median PSF stands at RM 156, with core pricing between RM 125 and RM 187. Market pricing typically extends from RM 117.50 to RM 194.50, reflecting moderate variation in unit pricing. The spread of RM 77.00 (IQR) and deviation of RM 31 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
