Taman Perindustrian Baru Sungai Lokan

Taman Chai Leng, 13700 Perai, Penang, Malaysia

Property Transactions

4 subsales grouped by size

Median
RM 964,000
PSF
RM 340
Price Size
Period
transactions middle 50% (P25–P75)
2,750 sqft
Terrace Factory
RM 980,000
Lorong. Perusahaan Sungai. Lokan 2/1
2,756 sqft · RM 356 PSF
RM 948,000
Lorong. Perusahaan Sungai. Lokan 2
2,756 sqft · RM 344 PSF
RM 800,000
Lorong Perusahaan Sungai Lokan 2/2
2,756 sqft · RM 290 PSF
3,550 sqft
Terrace Factory
RM 1,200,000
Lorong Per. Sungai Lokan 3
3,574 sqft · RM 336 PSF
Legend Recent Highest Price Highest PSF

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Taman Perindustrian Baru Sungai Lokan in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2023, with a median price of RM 964K and a median price per square foot (PSF) of RM 340.

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 964K, with most transactions falling within a stable range of RM 821K to RM 1.11 million, and a typical market range of RM 874K to RM 1.05 million.

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

For price per square foot, the median is RM 340, with most transactions between RM 315 and RM 365. The usual range is RM 301.91 to RM 377.91, showing that most units are priced quite close to each other. With an IQR of RM 76.00 and MAD of RM 25, 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.