UTARIA LIGHT IND. PARK

UTARIA LIGHT IND. PARK in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2022, with a median price of RM 850K 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 850K, with most transactions falling within a stable range of RM 800K to RM 1.13 million, and a typical market range of RM 800K to RM 970K.

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 328 and RM 462. Market pricing typically extends from RM 345.25 to RM 444.75, reflecting moderate variation in unit pricing. The spread of RM 99.50 (IQR) and deviation of RM 67 (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.