UTARIA LIGHT INDUSTRIAL. PARK

UTARIA LIGHT INDUSTRIAL. PARK in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 875K and a median price per square foot (PSF) of RM 407.

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 875K, with most transactions falling within a stable range of RM 740K to RM 1.01 million, and a typical market range of RM 755K to RM 995K.

Most transactions involved terraced factory/warehouse, though some variety exists in the market.

The median PSF stands at RM 407, with core pricing between RM 352 and RM 461. Market pricing typically extends from RM 356.75 to RM 456.25, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.