PUSAT PERNIAGAAN GEMILANG

PUSAT PERNIAGAAN GEMILANG in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2022, with a median price of RM 1.40 million and a median price per square foot (PSF) of RM 893.

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 1.40 million, with most transactions falling within a stable range of RM 1.26 million to RM 1.54 million, and a typical market range of RM 1.25 million to RM 1.60 million.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

Price per square foot shows a median of RM 893, though individual units vary from RM 679 to RM 1,107 in the core range. The broader market spans RM 772.88 to RM 1,013.13, indicating diverse property characteristics. The spread of RM 240.25 (IQR) and deviation of RM 214 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.