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Market Snapshot
CommercialRM 69,000
RM 90 psfMedian transaction price
Central Seberang Perai, Penang, Malaysia
MapsTaman Asas Plaza in Seberang Perai Tengah, Penang recorded 0 subsale transactions in 2021, with a median price of RM 69K and a median price per square foot (PSF) of RM 90.
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 69K, with most transactions falling within a stable range of RM 54K to RM 84K, and a typical market range of RM 56K to RM 83K.
Most transactions involved shop unit/retail lot, with minimal variety in property types.
The median PSF stands at RM 90, with core pricing between RM 81 and RM 99. Market pricing typically extends from RM 80.50 to RM 99.50, reflecting moderate variation in unit pricing. With an IQR of RM 19.00 and MAD of RM 9, 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.