UTARIA LIGHT INDUSTRIAL. PARK

UTARIA LIGHT INDUSTRIAL. PARK in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2024, with a median price of RM 1.45 million and a median price per square foot (PSF) of RM 395.

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 1.45 million, with most transactions falling within a stable range of RM 1.00 million to RM 1.90 million, and a typical market range of RM 1.33 million to RM 1.57 million.

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

The median PSF stands at RM 395, with core pricing between RM 327 and RM 462. Market pricing typically extends from RM 344.75 to RM 444.25, reflecting moderate variation in unit pricing. The spread of RM 99.50 (IQR) and deviation of RM 68 (MAD) suggest moderate price variations reflecting different property features.

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.