Penang
Seberang Perai Tengah
11
UTARIA LIGHT INDUSTRIAL. PARK

UTARIA LIGHT INDUSTRIAL. PARK

Area Intelligence

2022

Median Price

RM 850,000

PSF: RM 395

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Commercial PSF Trends

Median Price

RM 850,000

RM 395 PSF

UTARIA LIGHT INDUSTRIAL. 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 826K to RM 850K, and a typical market range of RM 800K to RM 850K.

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 353 and RM 437. Market pricing typically extends from RM 345.25 to RM 444.75, reflecting moderate variation in unit pricing. With an IQR of RM 99.50 and MAD of RM 42, 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.

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UTARIA LIGHT INDUSTRIAL. PARK, Seberang Perai Tengah, Penang

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