ELEVATE@GRAVITAS

ELEVATE@GRAVITAS in Seberang Perai Tengah, Penang recorded 1 subsale transactions in 2022, with a median price of RM 515K and a median price per square foot (PSF) of RM 460.

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 515K, with most transactions falling within a stable range of RM 465K to RM 565K, and a typical market range of RM 469K to RM 561K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

For price per square foot, the median is RM 460, with most transactions between RM 416 and RM 504. The usual range is RM 418.75 to RM 501.25, showing that most units are priced quite close to each other. With an IQR of RM 82.50 and MAD of RM 44, 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.