TAMAN ASAS JAYA(INDUSTRIAL RINGAN)

TAMAN ASAS JAYA(INDUSTRIAL RINGAN) in Seberang Perai Tengah, Penang recorded 12 subsale transactions in 2022, with a median price of RM 600K and a median price per square foot (PSF) of RM 335.

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 600K, with most transactions falling within a stable range of RM 435K to RM 1.06 million, and a typical market range of RM 490K to RM 710K.

Most transactions involved terraced factory/warehouse, though some variety exists in the market.

Price per square foot shows a median of RM 335, though individual units vary from RM 257 to RM 412 in the core range. The broader market spans RM 285.50 to RM 383.50, indicating diverse property characteristics. The spread of RM 98.00 (IQR) and deviation of RM 78 (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.