Penang
Seberang Perai Tengah
1
KAW P'HAAN PRAI(FTZ)

KAW P'HAAN PRAI(FTZ)

Area Intelligence

2023

Median Price

RM 23,150,000

PSF: RM 85

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Commercial PSF Trends

Median Price

RM 23,150,000

RM 85 PSF

KAW P'HAAN PRAI(FTZ) in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 23.15 million and a median price per square foot (PSF) of RM 85.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 23.15 million, with most transactions falling within a stable range of RM 22.50 million to RM 23.80 million, and a typical market range of RM 22.50 million to RM 23.80 million.

Most transactions involved detached factory/warehouse, with minimal variety in property types.

Price per square foot shows a median of RM 85, though individual units vary from RM 44 to RM 126 in the core range. The broader market spans RM 59.75 to RM 110.25, indicating diverse property characteristics. A wider spread (IQR: RM 50.50) and deviation (MAD: RM 41) 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.

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KAW P'HAAN PRAI(FTZ), Seberang Perai Tengah, Penang

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