TAMAN ASAS JAYA(INDUSTRIAL RINGAN)

TAMAN ASAS JAYA(INDUSTRIAL RINGAN) in Seberang Perai Tengah, Penang recorded 13 subsale transactions in 2023, with a median price of RM 565K and a median price per square foot (PSF) of RM 377.

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 565K, with most transactions falling within a stable range of RM 450K to RM 1.05 million, and a typical market range of RM 455K to RM 675K.

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

The median PSF stands at RM 377, with core pricing between RM 312 and RM 442. Market pricing typically extends from RM 328.00 to RM 426.00, reflecting moderate variation in unit pricing. The spread of RM 98.00 (IQR) and deviation of RM 65 (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.