Penang
Seberang Perai Tengah
6
ELEVATE@GRAVITAS

ELEVATE@GRAVITAS

Area Intelligence

2022

Median Price

RM 515,000

PSF: RM 460

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Commercial PSF Trends

Median Price

RM 515,000

RM 460 PSF

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.

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 460 and RM 460. 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 0, 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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