| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong Perusahaan Baru 2
|
RM 23,800,000
|
RM 126
|
188,385 sqft
|
|
|
Lorong Perusahaan Satu
|
RM 22,500,000
|
RM 44
|
517,144 sqft
|
|
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Market Snapshot
CommercialRM 23,150,000
RM 85 psfMedian transaction price
1, Perai, Pulau Pinang, Malaysia
MapsKaw 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 59.67 to RM 110.17, 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.