Penang
Seberang Perai Utara
16
TAMAN INDUSTRI SOUTHTECH

TAMAN INDUSTRI SOUTHTECH

Area Intelligence

2023

Median Price

RM 1,000,000

PSF: RM 394

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Commercial PSF Trends

Median Price

RM 1,000,000

RM 394 PSF

TAMAN INDUSTRI SOUTHTECH in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2023, with a median price of RM 1.00 million and a median price per square foot (PSF) of RM 394.

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 1.00 million, with most transactions falling within a stable range of RM 900K to RM 1.10 million, and a typical market range of RM 928K to RM 1.07 million.

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

For price per square foot, the median is RM 394, with most transactions between RM 380 and RM 408. The usual range is RM 358.00 to RM 430.00, showing that most units are priced quite close to each other. With an IQR of RM 72.00 and MAD of RM 14, 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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TAMAN INDUSTRI SOUTHTECH, Seberang Perai Utara, Penang

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