Penang
Seberang Perai Tengah
10
PUSAT KOMERSIAL SRI RAMBAI

PUSAT KOMERSIAL SRI RAMBAI

Area Intelligence

2023

Median Price

RM 610,000

PSF: RM 342

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Commercial PSF Trends

Median Price

RM 610,000

RM 342 PSF

PUSAT KOMERSIAL SRI RAMBAI in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 610K and a median price per square foot (PSF) of RM 342.

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 610K, with most transactions falling within a stable range of RM 350K to RM 870K, and a typical market range of RM 350K to RM 870K.

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

Price per square foot shows a median of RM 342, though individual units vary from RM 234 to RM 449 in the core range. The broader market spans RM 328.50 to RM 354.50, indicating diverse property characteristics. A wider spread (IQR: RM 26.00) and deviation (MAD: RM 108) 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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PUSAT KOMERSIAL SRI RAMBAI, Seberang Perai Tengah, Penang

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