PUSAT KOMERSIAL SRI RAMBAI in Seberang Perai Tengah, Penang recorded 0 subsale transactions in 2022, with a median price of RM 675K and a median price per square foot (PSF) of RM 449.
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 675K, with most transactions falling within a stable range of RM 470K to RM 880K, and a typical market range of RM 415K to RM 935K.
Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.
For price per square foot, the median is RM 449, with most transactions between RM 428 and RM 470. The usual range is RM 436.00 to RM 462.00, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
