TAMAN INDUSTRI MACHANG INDAH

TAMAN INDUSTRI MACHANG INDAH in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2023, with a median price of RM 370K and a median price per square foot (PSF) of RM 115.

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 370K, with most transactions falling within a stable range of RM 340K to RM 514K, and a typical market range of RM 340K to RM 440K.

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

The median PSF stands at RM 115, with core pricing between RM 92 and RM 137. Market pricing typically extends from RM 101.38 to RM 127.63, reflecting moderate variation in unit pricing. The spread of RM 26.25 (IQR) and deviation of RM 23 (MAD) suggest moderate price variations reflecting different property features.

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.