Penang
Seberang Perai Tengah
1
PERAI-PERUSAHAAN IV

PERAI-PERUSAHAAN IV

Area Intelligence

2023

Median Price

RM 3,900,000

PSF: RM 111

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Commercial PSF Trends

Median Price

RM 3,900,000

RM 111 PSF

PERAI-PERUSAHAAN IV in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 3.90 million and a median price per square foot (PSF) of RM 111.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 3.90 million, with most transactions falling within a stable range of RM 3.40 million to RM 9.40 million, and a typical market range of RM 3.40 million to RM 6.95 million.

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

Price per square foot shows a median of RM 111, though individual units vary from RM 83 to RM 139 in the core range. The broader market spans RM 105.50 to RM 116.50, indicating diverse property characteristics. A wider spread (IQR: RM 11.00) and deviation (MAD: RM 28) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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PERAI-PERUSAHAAN IV, Seberang Perai Tengah, Penang

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Transactions

3 transactions found

Popular Ranges

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

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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

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RM 3,900,000

LORONG PERUSAHAAN 12

40,505 sqft • RM 96.00 PSF

Dec 2023

RM 15,300,000

LORONG PERUSAHAAN BARU 2B

94,550 sqft • RM 162.00 PSF

Nov 2023

RM 3,400,000

LORONG PERUSAHAAN BARU 2

30,693 sqft • RM 111.00 PSF

Jun 2023

Road	Price	Land PSF	Land	Date	Type
LORONG PERUSAHAAN 12	RM 3,900,000	RM 96.00	40,505 sqft	Dec 2023	Detached Factory
LORONG PERUSAHAAN BARU 2B	RM 15,300,000	RM 162.00	94,550 sqft	Nov 2023	Detached Factory
LORONG PERUSAHAAN BARU 2	RM 3,400,000	RM 111.00	30,693 sqft	Jun 2023	Detached Factory