MAJU UTAMA BUSINESS CENTRE in Seberang Perai Tengah, Penang recorded 3 subsale transactions in 2023, with a median price of RM 1.86 million and a median price per square foot (PSF) of RM 965.
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 1.86 million, with most transactions falling within a stable range of RM 1.63 million to RM 2.09 million, and a typical market range of RM 1.65 million to RM 2.07 million.
Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.
For price per square foot, the median is RM 965, with most transactions between RM 940 and RM 990. The usual range is RM 909.75 to RM 1,020.25, showing that most units are priced quite close to each other. With an IQR of RM 110.50 and MAD of RM 25, the PSF demonstrates reasonable consistency across the market.
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.
