UTARIA LIGHT INDUSTRIAL. PARK

UTARIA LIGHT INDUSTRIAL. PARK in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 875K and a median price per square foot (PSF) of RM 407.

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 875K, with most transactions falling within a stable range of RM 800K to RM 950K, and a typical market range of RM 800K to RM 950K.

Most transactions involved terraced factory/warehouse, though some variety exists in the market.

For price per square foot, the median is RM 407, with most transactions between RM 372 and RM 441. The usual range is RM 356.75 to RM 456.25, showing that most units are priced quite close to each other. With an IQR of RM 99.50 and MAD of RM 35, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.