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 145K to RM 555K, and a typical market range of RM 90K to RM 610K.
Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.
For price per square foot, the median is RM 428, with most transactions between RM 407 and RM 449. The usual range is RM 415.00 to RM 441.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 26.00 and an average deviation (MAD) of RM 21 indicate a highly stable PSF trend across properties.
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.
