PENANG SCIENCE PARK

PENANG SCIENCE PARK in Seberang Perai Tengah, Penang recorded 1 subsale transactions in 2023, with a median price of RM 58.00 million and a median price per square foot (PSF) of RM 133.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 133, with most transactions between RM 133 and RM 133. The usual range is RM 106.00 to RM 160.00, showing that most units are priced quite close to each other. With an IQR of RM 54.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.