CITY PARADE(PUSAT P'GAAN MAJU) in Seberang Perai Tengah, Penang recorded 1 subsale transactions in 2023, with a median price of RM 850K and a median price per square foot (PSF) of RM 216.
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 850K, with most transactions falling within a stable range of RM 758K to RM 943K, and a typical market range of RM 804K to RM 896K.
Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.
Price per square foot shows a median of RM 216, though individual units vary from RM 170 to RM 263 in the core range. The broader market spans RM 193.10 to RM 239.60, indicating diverse property characteristics. The spread of RM 46.50 (IQR) and deviation of RM 47 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.
