Penang
Seberang Perai Tengah
6
ELEVATE@GRAVITAS

ELEVATE@GRAVITAS

Area Intelligence

Median Price

RM 650,000

PSF: RM 581

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Commercial PSF Trends

Median Price

RM 650,000

RM 581 PSF

ELEVATE@GRAVITAS in Seberang Perai Tengah, Penang recorded 3 subsale transactions between 2021 and 2025, with a median price of RM 650K and a median price per square foot (PSF) of RM 581.

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 650K, with most transactions falling within a stable range of RM 572K to RM 700K, and a typical market range of RM 604K to RM 696K.

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

The median PSF stands at RM 581, with core pricing between RM 511 and RM 651. Market pricing typically extends from RM 539.75 to RM 622.25, reflecting moderate variation in unit pricing. With an IQR of RM 82.50 and MAD of RM 70, 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.

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ELEVATE@GRAVITAS, Seberang Perai Tengah, Penang

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