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 1.32 million to RM 1.59 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 340 and RM 449. Market pricing typically extends from RM 344.75 to RM 444.25, reflecting moderate variation in unit pricing. With an IQR of RM 99.50 and MAD of RM 55, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.
