Penang
Seberang Perai Utara
4
PUSAT PERNIAGAAN SERI PENAGA

PUSAT PERNIAGAAN SERI PENAGA

Area Intelligence

2022

Median Price

RM 1,000,000

PSF: RM 491

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Commercial PSF Trends

Median Price

RM 1,000,000

RM 491 PSF

PUSAT PERNIAGAAN SERI PENAGA in Seberang Perai Utara, Penang recorded 2 subsale transactions in 2022, with a median price of RM 1.00 million and a median price per square foot (PSF) of RM 491.

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 750K to RM 1.25 million, and a typical market range of RM 875K to RM 1.13 million.

Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM 491, with most transactions between RM 461 and RM 521. The usual range is RM 476.00 to RM 506.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 30.00 and an average deviation (MAD) of RM 30 indicate a highly stable PSF trend across properties.

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.

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PUSAT PERNIAGAAN SERI PENAGA, Seberang Perai Utara, Penang

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