TAMAN INDUSTRI RINGAN MKDV

TAMAN INDUSTRI RINGAN MKDV in Seberang Perai Tengah, Penang recorded 5 subsale transactions in 2022, with a median price of RM 450K and a median price per square foot (PSF) of RM 261.

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 450K, with most transactions falling within a stable range of RM 425K to RM 475K, and a typical market range of RM 420K to RM 485K.

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

For price per square foot, the median is RM 261, with most transactions between RM 246 and RM 276. The usual range is RM 212.00 to RM 310.00, showing that most units are priced quite close to each other. With an IQR of RM 98.00 and MAD of RM 15, 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.