PUSAT KOMERSIAL SRI RAMBAI in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 525K and a median price per square foot (PSF) of RM 429.
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 525K, with most transactions falling within a stable range of RM 311K to RM 739K, and a typical market range of RM 310K to RM 740K.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
Price per square foot shows a median of RM 429, though individual units vary from RM 325 to RM 532 in the core range. The broader market spans RM 346.50 to RM 510.50, indicating diverse property characteristics. The spread of RM 164.00 (IQR) and deviation of RM 103 (MAD) suggest moderate price variations reflecting different property features.
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.
