Penang
Seberang Perai Tengah
10
PUSAT KOMERSIAL SRI RAMBAI

PUSAT KOMERSIAL SRI RAMBAI

Area Intelligence

2023

Median Price

RM 350,000

PSF: RM 428

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Commercial PSF Trends

Median Price

RM 350,000

RM 428 PSF

PUSAT KOMERSIAL SRI RAMBAI in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 350K and a median price per square foot (PSF) of RM 428.

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 350K, with most transactions falling within a stable range of RM 336K to RM 598K, and a typical market range of RM 336K to RM 610K.

Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.

Price per square foot shows a median of RM 428, though individual units vary from RM 331 to RM 525 in the core range. The broader market spans RM 415.00 to RM 441.00, indicating diverse property characteristics. The spread of RM 26.00 (IQR) and deviation of RM 97 (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.

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PUSAT KOMERSIAL SRI RAMBAI, 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+

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)

Clear

RM 870,000

LORONG TEMBIKAI 8

1,938 sqft • RM 449.00 PSF

Dec 2023

RM 350,000

LORONG TEMBIKAI 1

1,496 sqft • RM 234.00 PSF

Oct 2023

RM 336,000

LORONG TEMBIKAI 8

786 sqft • RM 428.00 PSF

Jul 2023

Road	Price	Land PSF	Land	Date	Type
LORONG TEMBIKAI 8	RM 870,000	RM 449.00	1,938 sqft	Dec 2023	3-Storey Shop
LORONG TEMBIKAI 1	RM 350,000	RM 234.00	1,496 sqft	Oct 2023	3-Storey Shop
LORONG TEMBIKAI 8	RM 336,000	RM 428.00	786 sqft	Jul 2023	3-Storey Shop