PUSAT PERNIAGAAN MAHKOTA IMPIAN in Seberang Perai Tengah, Penang recorded 7 subsale transactions in 2022, with a median price of RM 520K and a median price per square foot (PSF) of RM 354.
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 520K, with most transactions falling within a stable range of RM 449K to RM 380K, and a typical market range of RM 220K to RM 380K.
Most transactions involved office lot, with moderate diversity in property types available.
For price per square foot, the median is RM 354, with most transactions between RM 333 and RM 375. The usual range is RM 106.50 to RM 601.50, showing that most units are priced quite close to each other. With an IQR of RM 495.00 and MAD of RM 21, 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.
