PUSAT KOMERSIAL SRI RAMBAI

Area Intelligence
2022
Median Price
RM 525,000
PSF: RM 429

Commercial PSF Trends

Median Price

RM 525,000

RM 429 PSF

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.

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PUSAT KOMERSIAL SRI RAMBAI, Seberang Perai Tengah, Penang

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Transactions

4 transactions grouped by size

1,000 sqft
Shop/Retail Lot
RM 350,000
Level G
980 sqft · RM 357 PSF
1,050 sqft
Shop/Retail Lot
RM 285,000
Level G
1,055 sqft · RM 270 PSF
1,400 sqft
3-Storey Shop
RM 700,000
LORONG TEMBIKAI 6
1,399 sqft · RM 500 PSF
1,500 sqft
3-Storey Shop
RM 780,000
LORONG TEMBIKAI 1
1,496 sqft · RM 521 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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