IJM

IJM in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 1.38 million and a median price per square foot (PSF) of RM 305.

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 1.38 million, with most transactions falling within a stable range of RM 974K to RM 1.79 million, and a typical market range of RM 996K to RM 1.76 million.

Most transactions involved semi-detached factory/warehouse, with moderate diversity in property types available.

The median PSF stands at RM 305, with core pricing between RM 248 and RM 362. Market pricing typically extends from RM 266.50 to RM 343.50, reflecting moderate variation in unit pricing. The spread of RM 77.00 (IQR) and deviation of RM 57 (MAD) suggest moderate price variations reflecting different property features.

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.