INDUSTRI RINGAN TERAS JAYA

INDUSTRI RINGAN TERAS JAYA in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 1.30 million and a median price per square foot (PSF) of RM 587.

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 1.30 million, with most transactions falling within a stable range of RM 1.10 million to RM 1.53 million, and a typical market range of RM 1.10 million to RM 1.53 million.

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

The median PSF stands at RM 587, with core pricing between RM 481 and RM 693. Market pricing typically extends from RM 560.38 to RM 613.63, reflecting moderate variation in unit pricing. The spread of RM 53.25 (IQR) and deviation of RM 106 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.