TAMAN INDUSTRI RINGAN MKDV

TAMAN INDUSTRI RINGAN MKDV in Seberang Perai Tengah, Penang recorded 7 subsale transactions in 2023, with a median price of RM 600K and a median price per square foot (PSF) of RM 319.

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 498K to RM 1.03 million, and a typical market range of RM 518K to RM 683K.

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

The median PSF stands at RM 319, with core pricing between RM 272 and RM 366. Market pricing typically extends from RM 270.00 to RM 368.00, reflecting moderate variation in unit pricing. With an IQR of RM 98.00 and MAD of RM 47, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.