1 CITY (PUSAT PERNIAGAAN SERI JURU)

1 CITY (PUSAT PERNIAGAAN SERI JURU) in Seberang Perai Tengah, Penang recorded 22 subsale transactions in 2022, with a median price of RM 938K and a median price per square foot (PSF) of RM 655.

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 938K, with most transactions falling within a stable range of RM 754K to RM 1.12 million, and a typical market range of RM 933K to RM 943K.

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

For price per square foot, the median is RM 655, with most transactions between RM 597 and RM 713. The usual range is RM 626.50 to RM 683.50, showing that most units are priced quite close to each other. With an IQR of RM 57.00 and MAD of RM 58, 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. Moderate transaction volume may require patience when buying or selling.