PENANG SCIENCE PARK

PENANG SCIENCE PARK in Seberang Perai Tengah, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 35.40 million and a median price per square foot (PSF) of RM 187.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 35.40 million, with most transactions falling within a stable range of RM 12.80 million to RM 58.00 million, and a typical market range of RM 24.10 million to RM 46.70 million.

Most transactions involved detached factory/warehouse, with minimal variety in property types.

Price per square foot shows a median of RM 187, though individual units vary from RM 133 to RM 241 in the core range. The broader market spans RM 160.00 to RM 214.00, indicating diverse property characteristics. A wider spread (IQR: RM 54.00) and deviation (MAD: RM 54) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.